A highly scored negative risk causes a risk trigger, but the issue has not started yet. Which of the following is the next step the project team should take?

The correct answer is A. Execute the contingency plan. When a risk trigger is detected, the risk hasn't yet turned into an issue, but the conditions indicate it may happen. At this stage, the project team should execute the contingency plan that was pre- developed during risk planning. Assigning a risk owner happens earlier in the…

Project Management Concepts

Question

Options

AExecute the contingency plan
BPerform a work-around
CEscalate to senior management
DAssign a risk owner

How the community answered

(17 responses)

A
82% (14)
B
12% (2)
D
6% (1)

Explanation

When a risk trigger is detected, the risk hasn't yet turned into an issue, but the conditions indicate it may happen. At this stage, the project team should execute the contingency plan that was pre- developed during risk planning. Assigning a risk owner happens earlier in the planning stage, and work-arounds are used only for unplanned risks. Escalation is only needed if the contingency cannot address the risk.

Topics

#Risk Management#Risk Response#Contingency Planning#Risk Triggers

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