CAP · Question #162
Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on…
The correct answer is A. Avoidance. Risk avoidance involves changing the project plan to eliminate the threat entirely - either by removing the root cause or altering scope, schedule, or approach so the risk can no longer occur. In this scenario, Virginia removes the requirements that expose the project to the…
Question
Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?
Options
- AAvoidance
- BAcceptance
- CTransference
- DMitigation
How the community answered
(36 responses)- A72% (26)
- B3% (1)
- C8% (3)
- D17% (6)
Explanation
Risk avoidance involves changing the project plan to eliminate the threat entirely - either by removing the root cause or altering scope, schedule, or approach so the risk can no longer occur. In this scenario, Virginia removes the requirements that expose the project to the risk, which completely eliminates the risk event. Acceptance would mean proceeding with no action. Transference shifts the risk to a third party (e.g., insurance). Mitigation reduces the probability or impact but does not eliminate the risk. Removing scope to eliminate the threat is the textbook definition of avoidance.
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