The time a contractor is allowed to respond to the RFP. 

The impact of the problematical event, if it does occur. 

The likelihood that a problematical event will occur. 

The longest sequence of activities in the project network. 

A different opinion should be sought that would yield a reduced or not severe impact. 

If the computed expected value consequence is lower than others in the project, it should be addressed only if time and funds allow. 

If the computed expected value consequence is small, the risk can be ignored. 

The risk should be taken seriously. 

Establishing good communication so the project manager is kept informed of emerging problems. 

Setting penalties to ensure that things don’t go wrong. 

Setting procedures for accurate, complete project documentation. 

Establishing procedures to continuously monitor risks and updating the risk plan. 

Establishing reward systems so workers are well paid and motivated.