nerdexam
PMI

PGMP · Question #185

You are the program manager for your organization and you are dealing with your program stakeholders. You are explaining to them, along with your program team, how certain activities in the program ma

The correct answer is B. Mitigation. Mitigation is a proactive risk response strategy aimed at reducing the probability and/or impact of a risk event occurring. Adding more labor, upgrading materials, and bringing in consultants are all examples of mitigation actions taken before a risk occurs to lower the likelihoo

Program Life Cycle Management

Question

You are the program manager for your organization and you are dealing with your program stakeholders. You are explaining to them, along with your program team, how certain activities in the program may cause delays in the schedule if the associated risk events come into play. The cost of impact of the risk events are minimal, but the schedule impacts could be bigger. The stakeholders are concerned about delaying the schedule beyond a given due date for the program. They would like you to determine if it is possible to add more labor, use a higher grade of material, or hire some consultants to ensure the risks do not occur in the program. They are not much concerned about the cost of the solution as long as the solution or identified risks do not delay the program completion. What type of risk response are your program stakeholders recommending in this situation?

Options

  • AAvoidance
  • BMitigation
  • CTransference
  • DWorkaround

How the community answered

(25 responses)
  • A
    8% (2)
  • B
    72% (18)
  • C
    4% (1)
  • D
    16% (4)

Explanation

Mitigation is a proactive risk response strategy aimed at reducing the probability and/or impact of a risk event occurring. Adding more labor, upgrading materials, and bringing in consultants are all examples of mitigation actions taken before a risk occurs to lower the likelihood of the schedule being delayed. Avoidance (A) would mean eliminating the risk entirely by changing the plan. Transference (C) would shift the risk to a third party (e.g., via insurance or contract). A workaround (D) is an unplanned response implemented after an unidentified risk has already materialized. Since the stakeholders are taking deliberate steps to prevent the risk from affecting the schedule, this is mitigation.

Topics

#Risk Management#Risk Response Strategies#Mitigation Strategy

Community Discussion

No community discussion yet for this question.

Full PGMP Practice