• What is the purpose of a risk response plan? As human beings, there is always a possibility of experiencing risk in one way or another. That is to say, some risks can be anticipated and integrated into the company's budget, while others, I suppose, can arise unexpectedly, but the important thing is that there is always a outcome to avoid, transfer or defer the identified risk. Most of the time, a risk response plan is developed to provide a strategic option and determine actions to improve opportunities and reduce threats to the project objectives. As a growing company with enormous prospects, the company's facility relocation has undergone a lot of scrutiny taking into account all aspects of risk and possible solutions. • What is a risk owner? The risk owner must take responsibility for it. the shoulders of one or more individuals, mainly members of the project team, who have the task of managing, monitoring, identifying, evaluating, recording and remediating where possible. A risk owner is also responsible for overseeing risk management and, more importantly, assuring stakeholders of the necessary mechanism in place to bring them under control where applicable. • Who should be designated to assume project risks? After seeing the frustration that comes with poor risk management, a constantly growing company needs a project risk management team that will lead, identify, analyze and control the risks of a project to ensure the the objective of the project at the end. role in the risk response plan? Last time I checked, including reading the books, it was obvious that project managers have a job that is not without its problems. Therefore, one of the ultimate and awesome responsibilities of a risk owner is to carefully develop and explore different options and courses of action. Also...... middle of paper ...... project mission, objectives and deliverables. A work breakdown structure of work requirements is also included with the project schedule and budget to cover all project costs. All required resources are specified and assessments of foreseeable project risks are provided.” I was able to manage it, thanks to the advice I get from the old and experienced people who have been working there for so many years. • Should they have been treated differently? From what I see today, I feel good about the way things are going. move and the way we find ourselves alone says it all. I wouldn't change if I was asked to handle it differently. This paper explores a new path to increase resilience, identify security risks, work with the business to find treatments for these risks, while enabling the business to thrive and achieve the goals set for organizational success . Petruzzi, & Loyear, R.. (2016).