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Share – risk response

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Updated: Aug 20, 2021

(PRINCE2)

A risk response to either a threat or an opportunity through the application of pain/ gain formula: both parties share the gain (within pre-agreed limits) if the cost is less that the cost plan, and both share the pain (again within pre-agreed limits) if the cost plan is exceeded.

Reference: Managing successful projects with Prince 2


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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.