You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach…

The correct answer is D. Plan risk responses. Plan Risk Responses is the process specifically designed to develop options and actions to enhance opportunities and reduce threats to project objectives. It logically follows qualitative and quantitative risk analysis in the risk management process flow. 'Monitor and Control…

Risk Strategy and Planning

Question

You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?

Options

AMonitor and control project risks
BCreate a risk governance approach
CCreate the project risk register
DPlan risk responses

How the community answered

(57 responses)

A
4% (2)
B
14% (8)
C
7% (4)
D
75% (43)

Explanation

Plan Risk Responses is the process specifically designed to develop options and actions to enhance opportunities and reduce threats to project objectives. It logically follows qualitative and quantitative risk analysis in the risk management process flow. 'Monitor and Control Project Risks' (A) is an executing/monitoring process that tracks identified risks, not one that develops response strategies. 'Risk governance approach' (B) is not a standard PMI process. 'Create the project risk register' (C) occurs during Identify Risks, which was already completed before qualitative and quantitative analysis.

Topics

#Risk response planning#Threats and opportunities#Risk management processes#PMI-RMP

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