Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?
Correct Answer:
A
Which of the following recovery plans includes a monitoring process and triggers for initiating planned actions?
Correct Answer:
B
You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.
Correct Answer:
D
Which of the following is a risk that is created by the response to another risk?
Correct Answer:
A
Which of the following administrative policy controls requires individuals or organizations to be engaged in good business practices relative to the organization's industry?
Correct Answer:
D
