Risk Management Question 13

[admin]

A project has had some problems, but now seems under control. In the last few months almost all the reserves have been used up and most of the negative impacts of the events that have been predicted have occurred. There are only four activities that are left and two are on the critical path. Manager now informs the project manager that it would be in the performing organization’s best interest to finish the projects two weeks earlier than scheduled in order to receive an additional profit. In response, the project manager sends out a request for proposal for some work that the team was going to do, in the hopes that another company might be able to do the work faster. The project manager can BEST be
said to attempting to work with?

a) Reserve
b) Opportunities
c) Scope verification
d) Threats

[admin]

The correct answer is B.

The wording of this question can be confusing. Reserve (choice A) is mentioned in the situation, but the project manager is not dealing with reserves in the actions he is taking. Verify Scope (choice C) involves meeting with the customer to gain formal acceptance, so it cannot be the best choice. Choice D cannot be the best choice since the project manager is trying to make something good happen, not dealing with a negative impact, or threat, that may or may not occur. The project manager is working to make a positive impact on the project more likely to occur, therefore choice B is best.

Revise Risk Management Concepts: Project Risk Management

Quiz:
20 Questions Challenge
50 Questions Challenge

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