CAP · Question #102
Harry is the project manager of the MMQ Construction Project. In this project Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project…
The correct answer is A. Mitigation. Mitigation reduces the probability or impact of a risk event. By replacing the sole-artist supplier with one who can guarantee delivery by the deadline, Harry is reducing the likelihood that the project will miss its schedule - this is risk mitigation. Avoidance would eliminate…
Question
Harry is the project manager of the MMQ Construction Project. In this project Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who will guarantee the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?
Options
- AMitigation
- BAcceptance
- CTransference
- DAvoidance
How the community answered
(40 responses)- A75% (30)
- B8% (3)
- C15% (6)
- D3% (1)
Explanation
Mitigation reduces the probability or impact of a risk event. By replacing the sole-artist supplier with one who can guarantee delivery by the deadline, Harry is reducing the likelihood that the project will miss its schedule - this is risk mitigation. Avoidance would eliminate the risk entirely (e.g., removing stained glass windows from scope altogether). Transference would shift the risk to a third party via contract (e.g., insurance). Acceptance would mean doing nothing and accepting the potential delay. Since the risk (late delivery) is still present but its probability of occurrence is being reduced through a different supplier, the correct response is mitigation.
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