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You decide to take a road trip. However, you’ve had some rather unfortunate
driving incidents lately. You’ve received two speeding tickets and were involved in
a minor fender bender all within the last six months. You don’t want to take a
chance on another ticket, because your insurance rates are already astronomical.
So, you hire a driver to go with you. The driver will do all the driving while you sit

back and enjoy the scenery. You consider yourself very clever because you’ve
transferred the risk of receiving a speeding ticket to the driver.

Your driver checks the road conditions and traffic reports before you leave. The
driver discovers that the highway you planned to take is clogged with congestion
because of an accident. You both decide to avoid the risk by taking an alternate
route that will go around the accident and put you on the highway a few miles

down the road, avoiding the congestion and the accident altogether.
A few days into the road trip, you find yourself on a mountain pass in the middle of

a beautiful sunny day. All of a sudden, a rock tumbles down the side of the hill and
lands squarely on the road in front of your car. The rock is so big you can’t go
around it. You and your driver accept this risk occurrence and perform a U-turn
and go back to the town you just passed a few miles ago and wait for the road crew
to clear the pass.

The strategies associated with positive risks or opportunities include the following:

Exploit: Looking for opportunities to take advantage of positive impacts

Share: Assigning the risk to a third party who is best able to bring about the
opportunity

Enhance: Monitoring the probability or impact of the risk event to assure benefits
are realized

Accept: Choosing to accept the consequences of the risk

As you perform risk analysis, assign owners, and determine whether response plans
are needed, you should record this information in the risk register. Table 7.6 shows a
sample risk register.

TABLE 7.6 Risk register

Risk Risk Probability Impact Risk Response Risk Response
# Description Score Plan Owner Plan

1 Bad weather 1.0 1.0 1.0 Y Peterson H Drive

2 Vendor 0.3 0.5 0.15 N Hernandez H Drive
delays

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