Risk Management Question 7

[admin]

During the project, a team member tells you that a major risk identified by the team has occurred. However, it is not as serious as previously thought. What is the FIRST thing you should do?

a) Increase the quality standard
b) Present this finding to the project team and ask them to verify the team member’s finding
c) Investigate changing the contingency plan
d) Notify management

[admin]

The correct answer is C.

Since the impact of the risk has changed, you need to ensure that the response is still appropriate for the situation.

Revise Risk Management Concepts:
Project Risk Management

Quiz:
20 Questions Challenge
50 Questions Challenge

[Author]

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