You are the project manager of the NNQ Project for your company and are working you're your project team to define contingency plans for the risks within your project. Mary, one of your project team m

The correct answer is A. Some responses are designed for use only if certain events occur.. A contingency response (or contingency plan) is a pre-defined response that is activated only when a specific triggering event or condition occurs. It is essentially a 'plan B' that sits ready but is only executed if a particular risk materializes. This is distinct from a workaro

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Question

You are the project manager of the NNQ Project for your company and are working you're your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?

Options

ASome responses are designed for use only if certain events occur.
BSome responses have a cost and a time factor to consider for each risk event.
CSome responses must counteract pending risk events.
DQuantified risks should always have contingency responses.

How the community answered

(29 responses)

A
86% (25)
B
7% (2)
C
3% (1)
D
3% (1)

Explanation

A contingency response (or contingency plan) is a pre-defined response that is activated only when a specific triggering event or condition occurs. It is essentially a 'plan B' that sits ready but is only executed if a particular risk materializes. This is distinct from a workaround (an unplanned response) or a proactive risk response. Options B, C, and D describe characteristics or considerations around risk responses in general, but do not accurately define what a contingency response specifically is.

Topics

#Contingency planning#Risk response#Risk management#Project management

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