CAPM · Question #521
Since the risk has already been identified (supplier delays and cost increases due to safety regulations) and the team has already determined a response strategy (absorbing the cost by reducing lag…
The correct answer is C. Implement Appropriate Response. The risk management process follows a sequence: identify risks → perform qualitative analysis → perform quantitative analysis → plan risk responses → implement risk responses → monitor risks. Since the risk has already been identified and a response strategy has already been…
Question
Options
- APerform Quantitative Risk Analysis
- BPlan Project Risk Management
- CImplement Appropriate Response
- DPerform Qualitative Risk Analysis
How the community answered
(69 responses)- A1% (1)
- B1% (1)
- C93% (64)
- D4% (3)
Explanation
The risk management process follows a sequence: identify risks → perform qualitative analysis → perform quantitative analysis → plan risk responses → implement risk responses → monitor risks. Since the risk has already been identified and a response strategy has already been selected (absorbing cost by reducing schedule lag), the next logical step is to execute that response-adjusting the schedule, monitoring suppliers, and managing budget. The other options (A, B, D) represent earlier steps in the risk management process that have already been completed, making them incorrect choices at this stage.
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