Which of the following documents allows the project manager to assess risks that may require near term action?

Question

Options

• AProbability and impact matrix
• BContingency analysis report
• CRisk urgency assessment
• DRolling wave plan

• A
  17% (9)
• B
  4% (2)
• C
  72% (39)
• D
  7% (4)

Explanation

Risk urgency assessment specifically evaluates which identified risks require immediate or near-term attention by considering factors like time sensitivity, symptoms, and warning signs - making it the tool a project manager uses to prioritize action timing, not just likelihood or severity.

Why the distractors are wrong:

• A. Probability and impact matrix ranks risks by how likely they are and how severe their impact would be, but says nothing about when action is needed.
• B. Contingency analysis report (sometimes called contingency reserve analysis) deals with budget or schedule buffers for known risks - it's about resource planning, not timing of response.
• D. Rolling wave plan is a progressive elaboration planning technique for near-term work packages, not a risk assessment tool at all.

Memory tip: Think of "urgency" literally - a risk urgency assessment answers "how soon do we need to act?" If a risk is urgent, it needs near-term action regardless of whether it's high or low probability. The word urgency = time pressure = near-term action.

No community discussion yet for this question.