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You are in the middle of a 2 year project to deploy new technology to field offices across the country. A hurricane caused power outages just when the upgrade was near completion. When the power was restored, all of the project reports and historical records were lost with no way of retrieving them. What should have been done to prevent this problem?
a) Purchase insurance
b) Plan for a reserve fund
c) Monitor the weather and have a contingency plan
d) Schedule the installation outside of hurricane seasonThe correct answer is C.
The risk is the loss of data due to a power outage. Choice A is not related to “mitigating” the problem. It transfers the risk. A reserve fund (choice B) is acceptance and would help address the cost factors after the power failure, but would not reduce the probability or impact of it. Avoiding the hurricane by scheduling the installation at a different time (choice D) mitigates the power outage risk but could have a large negative impact on the project schedule and so is not the best choice. The better choice of the mitigation options (choices C and D) is to monitor the weather and know when to implement the contingency plan.
Pass PMP in the First Attempt : PMP Strategy
Revise Risk Management Concepts: Project Risk Management
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