A key project is delayed and all contingency reserves have been used even though the project team has implemented all planned risk responses. What should the risk manager do next?

The correct answer is B. Review the effectiveness of the risk process.. When a project is delayed, and all contingency reserves have been exhausted, the next step is to escalate the situation to upper management. This escalation allows for additional resources or support to be considered and for strategic decisions to be made at a higher level. Accor

Risk Monitoring and Reporting

Question

Options

ACreate a new project plan including the new risks.
BReview the effectiveness of the risk process.
CUpdate the risk management plan.
DEscalate the project risks to upper management.

How the community answered

(59 responses)

A
3% (2)
B
76% (45)
C
7% (4)
D
14% (8)

Explanation

When a project is delayed, and all contingency reserves have been exhausted, the next step is to escalate the situation to upper management. This escalation allows for additional resources or support to be considered and for strategic decisions to be made at a higher level. According to PMI's risk management practices, escalation is a key strategy when risks exceed the project's control, requiring input or intervention from senior management to resolve.

Topics

#Risk process review#Risk response effectiveness#Contingency management#Problem diagnosis

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice