A project manager has updated the risk register with the current risk status, probability, and impact. Risk IDs 2 and 6 have now been realized. Which of the following is the NEXT appropriate step…

The correct answer is A. Identify risk strategies for the realized events. When risks are realized (i.e., they actually occur), the immediate next step is to identify and implement risk response strategies - such as contingency plans or workaround strategies - to manage their impact. This is the active response to a realized risk event. Closing the…

Project management concepts

Question

A project manager has updated the risk register with the current risk status, probability, and impact. Risk IDs 2 and 6 have now been realized. Which of the following is the NEXT appropriate step for the project manager to take?

Exhibits

Options

AIdentify risk strategies for the realized events
BChange the risk status to closed for 2 and 6
CConsult the risk management plan
DUpdate the issue log

How the community answered

(33 responses)

A
85% (28)
B
3% (1)
C
3% (1)
D
9% (3)

Explanation

When risks are realized (i.e., they actually occur), the immediate next step is to identify and implement risk response strategies - such as contingency plans or workaround strategies - to manage their impact. This is the active response to a realized risk event. Closing the risk (B) is premature before the issue is managed. Consulting the risk management plan (C) is a supporting activity, not the action itself. Updating the issue log (D) is also necessary but comes after identifying how you will respond to the realized risk.

Topics

#risk register#risk response#realized risks#risk management

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