CSSLP · Question #293
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction…
The correct answer is C. Mitigation. Management's request to find a new supplier capable of meeting the project deadline is an example of a risk mitigation strategy, as it aims to reduce the impact of a potential delay.
Question
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?
Options
- ATransference
- BAvoidance
- CMitigation
- DAcceptance
How the community answered
(47 responses)- A6% (3)
- B2% (1)
- C77% (36)
- D15% (7)
Why each option
Management's request to find a new supplier capable of meeting the project deadline is an example of a risk mitigation strategy, as it aims to reduce the impact of a potential delay.
Transference would involve shifting the risk to another party (e.g., through insurance or outsourcing with a strict contract that penalizes delays), which is not explicitly what Harry was asked to do.
Avoidance would mean eliminating the risk entirely, perhaps by not including stained glass windows in the project, which is not the case here as they still want the windows.
Mitigation involves taking steps to reduce the probability or impact of a risk event. In this scenario, the risk is the current supplier's inability to meet the deadline, and by seeking an alternative supplier, management is actively implementing a measure to lessen the potential negative impact (project delay) associated with the initial supplier.
Acceptance means acknowledging the risk and deciding not to take any action, which is contrary to management's request for Harry to find a new supplier.
Concept tested: Project risk response strategies - Mitigation
Source: https://www.pmi.org/learning/library/risk-response-planning-mitigate-6932
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