The program sponsor returns from a board of directors meeting after identifying a significant risk to the program schedule. This may impact the program's benefits realization. What should the…

Question

Options

• AUpdate the program benefits management plan and risk register.
• BImplement the mitigation plan for the identified risk.
• CAdjust the program scope to avoid the risk.
• DDocument the risk and create a mitigation plan.

• A
  4% (1)
• B
  11% (3)
• C
  4% (1)
• D
  82% (23)

Explanation

When a new risk is identified, the standard risk management response is: first document the risk (in the risk register), then analyze it, and then create a mitigation plan. Option D correctly captures this two-step initial response. Option B (implementing a mitigation plan) assumes one already exists for this risk, which is not the case since the risk was just identified. Option A (updating both the benefits management plan and risk register) conflates two different actions - updating the benefits management plan may be premature before the risk is fully analyzed and a plan is in place. Option C (adjusting scope to avoid the risk) is a specific risk response strategy, but it should only be selected after the risk has been documented, analyzed, and evaluated against other response options. Documenting and planning comes before any response is executed.

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