An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?

Question

Options

• AEnsure sufficient resources are available
• BRevise the risk management plan
• CUpdate the risk register
• DMeet with the project's stakeholders

• A
  6% (1)
• B
  83% (15)
• C
  6% (1)
• D
  6% (1)

Explanation

When a project is significantly accelerated due to external competitive pressure, the fundamental parameters of the project (timeline, resources, scope pressure) have changed. The risk management plan governs how risks will be identified, analyzed, and managed throughout the project. Because the project context has changed, the risk management plan must be revised first to ensure all subsequent risk activities reflect the new reality. Ensuring resources (A), updating the risk register (C), and meeting stakeholders (D) are all valid follow-on actions, but they should be guided by an updated risk management plan.

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