You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project manager will create for implementation…

The correct answer is C. Fallback plan. A Fallback Plan is the correct answer. A fallback plan is developed and used when the primary risk response strategy is not effective or is insufficient to address the risk. It is essentially a 'Plan B' that is triggered when the originally selected risk strategy fails to…

Risk Strategy and Planning

Question

You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project manager will create for implementation if a selected risk strategy fails to be fully effective?

Options

AMitigation management plan
BMitigation plan
CFallback plan
DRisk response plan

How the community answered

(67 responses)

A
1% (1)
B
4% (3)
C
93% (62)
D
1% (1)

Explanation

A Fallback Plan is the correct answer. A fallback plan is developed and used when the primary risk response strategy is not effective or is insufficient to address the risk. It is essentially a 'Plan B' that is triggered when the originally selected risk strategy fails to adequately manage the risk. This is different from a Risk Response Plan (D), which is the broader document containing all planned risk responses. A Mitigation Plan (B) specifically aims to reduce the probability or impact of a risk - it is a type of response, not a backup. A 'Mitigation Management Plan' (A) is not a standard PMI-recognized term. The fallback plan is pre-planned so the team is prepared to act quickly if the primary response proves inadequate.

Topics

#Risk response planning#Fallback plan#Contingency planning#Risk response failure

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