CAP · Question #72
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 t
The correct answer is C. Avoidance. Risk Avoidance involves changing the project plan to eliminate the threat entirely - typically by removing the scope, changing the approach, or extending the schedule to sidestep the risk. In this scenario, Virginia chose to remove the requirements associated with the high-probab
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
- AAcceptance
- BMitigation
- CAvoidance
- DTransference
How the community answered
(24 responses)- A4% (1)
- B13% (3)
- C79% (19)
- D4% (1)
Explanation
Risk Avoidance involves changing the project plan to eliminate the threat entirely - typically by removing the scope, changing the approach, or extending the schedule to sidestep the risk. In this scenario, Virginia chose to remove the requirements associated with the high-probability, high-impact risk, which eliminates the risk's root cause from the project scope altogether. This is the classic definition of avoidance. Acceptance means acknowledging and living with the risk; Mitigation means reducing the probability or impact; and Transference means shifting the financial burden to a third party (e.g., insurance or a vendor contract).
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