During a meeting to develop the risk management plan, the risk manager recognizes that risks may be identified that could also impact other projects that the company is pursuing. What should the risk

Question

Options

• AContact the risk managers of the other projects and inform them
• BInclude an escalation process in the risk management plan
• CTake note of the extensive impact of these risks in the risk register
• DAddress the unique characteristics of these risks on a case-by-case basis

• A
  4% (1)
• B
  81% (22)
• C
  4% (1)
• D
  11% (3)

Explanation

The risk manager should include an escalation process in the risk management plan to address risks that may impact other projects. This ensures that any identified risks that could affect multiple projects are communicated and managed appropriately across the organization. The risk manager should include an escalation process in the risk management plan to deal with risks that may affect other projects or the organization as a whole. An escalation process is a set of procedures that defines how and when risks should be communicated to higher levels of authority or responsibility for decision making or resolution. The escalation process should specify the criteria, roles, responsibilities, and communication channels for escalating risks. The risk manager should follow the escalation process when identifying risks that may have extensive impacts beyond the scope of the project.

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