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



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.