PMI-RMP · Question #42
You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team…
The correct answer is A. Some responses are designed for use only if certain events occur. A contingency response (or contingency plan) is a predefined action that is triggered only when a specific risk event or risk indicator (trigger) occurs. It is not applied proactively to all risks, but is held in reserve and activated conditionally. Option B describes cost/time…
Question
You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?
Options
- ASome responses are designed for use only if certain events occur.
- BSome responses have a cost and a time factor to consider for each risk event.
- CSome responses must counteract pending risk events.
- DQuantified risks should always have contingency responses.
How the community answered
(19 responses)- A84% (16)
- C5% (1)
- D11% (2)
Explanation
A contingency response (or contingency plan) is a predefined action that is triggered only when a specific risk event or risk indicator (trigger) occurs. It is not applied proactively to all risks, but is held in reserve and activated conditionally. Option B describes cost/time factors, which is a planning consideration but not the definition. Option C describes active mitigation, not contingency. Option D is incorrect because not all quantified risks require contingency responses - the defining characteristic of a contingency plan is its conditional 'if-then' nature.
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