The project manager needs to create a risk management plan for a high risk project, but the company's senior management does not see value in spending time documenting major risks instead of leading t

The correct answer is C. Develop a risk management plan and present it to the sponsor.. The first and most appropriate action is to develop the risk management plan and present it to the project sponsor, not senior management directly. The sponsor is the PM's primary escalation path and advocate within the organization. By presenting the plan to the sponsor first, t

Risk Strategy and Planning

Question

The project manager needs to create a risk management plan for a high risk project, but the company's senior management does not see value in spending time documenting major risks instead of leading the project. What is the most appropriate action for the project manager to take first?

Options

ADevelop a risk register and present it to the senior management
BHire a risk consultant to identity the major risks.
CDevelop a risk management plan and present it to the sponsor.
DDocument all identified risks.

How the community answered

(52 responses)

A
6% (3)
B
2% (1)
C
81% (42)
D
12% (6)

Explanation

The first and most appropriate action is to develop the risk management plan and present it to the project sponsor, not senior management directly. The sponsor is the PM's primary escalation path and advocate within the organization. By presenting the plan to the sponsor first, the PM gains organizational backing before engaging resistant senior management. Developing a risk register (A) is a later step that follows the plan. Hiring a consultant (B) is premature and skips internal channels. Simply documenting risks (D) without a plan or stakeholder buy-in does not address the root problem of management resistance.

Topics

#Risk Management Planning#Stakeholder Engagement#Sponsor Management#Overcoming Resistance

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