A risk manager has a well-structured risk management process in place for a complex project with a tight schedule. Despite implementing preventive actions, one of the risks identified in the early sta

Question

Options

• AMeet with the project team to brainstorm potential solutions to the problem.
• BImplement the risk response plan to remedy the problem as soon as possible.
• CInitiate discussions with the project manager to decide how to manage the problem.
• DEscalate the problem to the project sponsor to agree on the best course of action.

• A
  4% (2)
• B
  85% (44)
• C
  10% (5)
• D
  2% (1)

Explanation

When a previously identified risk materializes into an issue, the correct immediate action is to execute the pre-planned risk response plan. A well-structured risk management process exists precisely to prepare for this scenario - the contingency response plan was designed and approved in advance so that the team can act quickly without delay. Holding a brainstorming meeting (A) or initiating discussions with the project manager (C) wastes critical response time on decisions that were already made during planning. Escalating to the sponsor (D) is only appropriate if the issue exceeds the authority or resources defined in the existing response plan. The plan should be implemented first; escalation and replanning follow only if the plan proves insufficient.

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