The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the…

Question

Options

• AScheduled, budgeted, and easy for project stakeholders to understand
• BCost-effective, validated by Monte Carlo analysis, and assigned
• CIterative, scaled to the project, and addressing threats and opportunities
• DTimely, cost-effective, agreed-upon, and accepted

• A
  87% (27)
• B
  3% (1)
• C
  3% (1)
• D
  6% (2)

Explanation

After a stakeholder agreement meeting on risk response strategies, the practical outputs must be immediately actionable. 'Scheduled' means the response actions are incorporated into the project schedule with assigned dates and owners. 'Budgeted' means the costs of executing the responses are estimated and integrated into the cost baseline or contingency reserves. 'Easy for project stakeholders to understand' ensures that everyone responsible for execution can act on the strategies without confusion. Option B is incorrect because Monte Carlo validation is a quantitative technique applied before response planning, not an output criterion. Option C describes attributes of the overall risk process, not the meeting outputs. Option D ('timely, cost-effective, agreed-upon, accepted') mixes planning criteria with process attributes. The meeting's goal is to produce concrete, funded, scheduled actions - making Option A the most operationally accurate answer.

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