You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the…

The correct answer is B. Risk avoidance. Risk avoidance involves changing the project plan - scope, schedule, approach, or resources - specifically to eliminate the threat or protect the project objectives from its impact. The defining characteristic is that the plan itself is altered so the risk can no longer occur…

Risk Monitoring and Reporting

Question

You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?

Options

ARisk mitigation
BRisk avoidance
CRisk acceptance
DRisk transference

How the community answered

(47 responses)

A
11% (5)
B
83% (39)
C
2% (1)
D
4% (2)

Explanation

Risk avoidance involves changing the project plan - scope, schedule, approach, or resources - specifically to eliminate the threat or protect the project objectives from its impact. The defining characteristic is that the plan itself is altered so the risk can no longer occur. Risk mitigation (A) reduces probability or impact but does not necessarily eliminate the risk. Risk transference (D) shifts the risk to a third party (e.g., insurance, contract). Risk acceptance (C) means acknowledging the risk and taking no proactive action.

Topics

#Risk avoidance#Threat response#Risk response strategies#Project monitoring

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