In risk response planning you find way to reduce or
eliminate threats, and you find ways to more
opportunities more likely or increase their impact.
You can avoid, mitigate, transfer
or accept the threats.
You can explot, share,
improved or accept the
opportunities
Step 1 : Do something to eliminate the threats before they happen
Step 2: Do something to make sure the opportunities happen
Step 3: Decrease the probability and/or impact of threats
Step 4: Increase the probability and/ or impact of opportunities
Step 5: For the residual threats that cannot be eliminated do a
contingency plans. And do a fallback plans in case of contingency
plans are not effective.
Annotations:
The contingency plan should be measurable so you can evaluate their effectiveness.