A project manager works on a long-term and high visibility project at an organization that has a low risk appetite towards this project due to its impact on the company's business. The project sponsor

Question

Options

• AUpdate the project management plan to add contingency.
• BPerform an assumptions and constraints analysis.
• CComplete an assessment and confirm the response with the sponsors.
• DImplement mitigation measures for those risks.

• A
  8% (3)
• B
  32% (12)
• C
  47% (18)
• D
  13% (5)

Explanation

When high-impact risks are hitting their thresholds on a high-visibility project with a low risk appetite, the project manager must not act unilaterally. The sponsors are closely involved (weekly follow-ups) and the organization has explicitly stated low tolerance for risk. The appropriate step is to complete a thorough assessment of the situation and then confirm the planned response with the sponsors before proceeding. This ensures decisions are made transparently and with proper authorization, which is critical given the organizational context. Simply implementing mitigation (D) without sponsor confirmation bypasses governance.

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