CSSLP · Question #213
CSSLP Question #213: Real Exam Question with Answer & Explanation
The correct answer is D: Acceptance. The project faces a new law potentially affecting its progress, despite significant prior investment. The most appropriate risk response in this scenario, especially when external factors like laws are involved and investment is sunk, is often acceptance.
Question
Rob is the project manager of the IDLK Project for his company. This project has a budget of $5,600,000 and is expected to last 18 months. Rob has learned that a new law may affect how the project is allowed to proceed - even though the organization has already invested over $750,000 in the project. What risk response is the most appropriate for this instance?
Options
- ATransference
- BEnhance
- CMitigation
- DAcceptance
Explanation
The project faces a new law potentially affecting its progress, despite significant prior investment. The most appropriate risk response in this scenario, especially when external factors like laws are involved and investment is sunk, is often acceptance.
Common mistakes.
- A. Transference involves shifting the risk to a third party, which is not suitable for a new legal requirement affecting project progress.
- B. Enhance is a positive risk strategy (opportunity response), aiming to increase the probability or impact of an opportunity, not a negative risk (threat).
- C. Mitigation involves reducing the probability or impact of a risk, which may be difficult or impossible for a new law that fundamentally changes project viability or approach.
Concept tested. Project risk response strategies
Reference. https://learn.microsoft.com/en-us/project/risk-management-planning-strategies
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