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PMI-RMP · Question #634

A project manager managing a high-risk rating project was just informed that one of the key project resources has decided to leave the organization. The project manager asks the risk manager for their

The correct answer is C. Apply a risk acceptance strategy to the new risks as there is no risk response plan.. In this situation, the departure of a key project resource was an anticipated risk, and a transition plan was established as a response. However, implementing this plan has introduced new risks, known as secondary risks, which may impact the completion dates of other project-rela

Risk Monitoring and Reporting

Question

A project manager managing a high-risk rating project was just informed that one of the key project resources has decided to leave the organization. The project manager asks the risk manager for their recommendations. The risk manager previously identified this as a risk and had created a transition plan to enable another resource to carry out the same duties. The risk manager was informed that by transitioning the responsibilities to the new resource, new risks to the completion dates of other project-related tasks appear. What should the risk manager advise the project manager?

Options

  • AEscalate the new risks immediately to the project stakeholders to ensure proper risk
  • BAddress these secondary risks as per the risk management plan
  • CApply a risk acceptance strategy to the new risks as there is no risk response plan.
  • DUpdate the risk management plan with the new probabily/impact and change the response.

How the community answered

(53 responses)
  • A
    6% (3)
  • B
    4% (2)
  • C
    79% (42)
  • D
    11% (6)

Explanation

In this situation, the departure of a key project resource was an anticipated risk, and a transition plan was established as a response. However, implementing this plan has introduced new risks, known as secondary risks, which may impact the completion dates of other project-related tasks. According to PMI's risk management framework, it's essential to address these secondary risks in alignment with the predefined risk management plan. This involves assessing the new risks' probabilities and impacts, determining appropriate response strategies, and updating the risk register accordingly. By systematically managing secondary risks as outlined in the risk management plan, the project manager can mitigate potential adverse effects on the project's schedule and objectives.

Topics

#Secondary risks#Risk response strategies#Risk acceptance#Risk monitoring

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