CGRC Question #638: Real Exam Question with Answer & Explanation

Question

Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines? Response:

Options

• ANew or omitted work as part of a risk response can cause changes to the cost and/or schedule
• BRisk responses protect the time and investment of the project.
• CBaselines should not be updated, but refined through versions.
• DRisk responses may take time and money to implement.

Explanation

Risk response planning can introduce new work or modify existing work to mitigate threats or leverage opportunities, directly impacting the project's cost and schedule baselines.

Common mistakes.

• B. While risk responses aim to protect the project, this choice describes the purpose of risk responses, not the reason for updating baselines due to changes they introduce.
• C. This statement is generally incorrect in project management; baselines are updated through formal change control processes when significant approved changes occur.
• D. While risk responses do take time and money, this choice is less precise than A because the core reason for updating baselines is the specific new or changed work resulting from the response.

Concept tested. Project risk management - impact on baselines

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