Contingent Response Strategies

There will be some situation in the project when the risk materializes or when the trigger occurs, the action will be taken. This is called Contingent Response Strategies. For example the first milestone is missed and this triggers to delay to the project itself. So you will allocate the funding to go for crashing using contingency funding or management reserve to avoid the delay in project. To use this response fallback plan or the contingency plan will be defined and used.

Contingent Response Strategies technique is used under the process Plan Risk Responses.