The project manager for a multinational project is evaluating the option of scheduling face-to-face meetings during the release of a new system. The goal is to provide 24/7 coverage and quick…

The correct answer is D. Risk mitigation. Risk mitigation involves taking proactive actions to reduce the probability or impact of a risk. By scheduling face-to-face meetings and establishing 24/7 coverage, the project manager is reducing the potential impact of issues that arise during the system release - ensuring…

Project management concepts

Question

The project manager for a multinational project is evaluating the option of scheduling face-to-face meetings during the release of a new system. The goal is to provide 24/7 coverage and quick responses to issues. Which of the following strategies is being applied?

Options

ARisk acceptance
BRisk avoidance
CRisk transference
DRisk mitigation

How the community answered

(48 responses)

A
8% (4)
B
2% (1)
C
15% (7)
D
75% (36)

Explanation

Risk mitigation involves taking proactive actions to reduce the probability or impact of a risk. By scheduling face-to-face meetings and establishing 24/7 coverage, the project manager is reducing the potential impact of issues that arise during the system release - ensuring rapid response and resolution. This is not risk avoidance (which would mean not doing the release), not risk transference (which would shift the risk to a third party), and not risk acceptance (which would mean acknowledging the risk but taking no action). Structured coverage is a classic mitigation strategy.

Topics

#risk mitigation#multinational projects#risk strategies#communication planning

Community Discussion

No community discussion yet for this question.

Full PK0-004 Practice