Project Management Professional PMP · Free Practice Question Medium
Question 28
You are the project manager for a large project that spans several of your organization’s sites. There are many risks identified throughout the project in each of the locations of the project. Which one of the following is the most effective method of dealing with the project risks?
- A Create risk owners for each of the project risks.
- B Buy insurance for each of the identified risks.
- C The project manager will need to travel to each site as the risk event is coming into the project schedule.
- D The project manager will need to schedule the risk events so that no risk events overlap at any one time.
Reveal correct answer
Correct answer: A
Explanation
Risk owners can monitor, respond, and communicate on risk events. Buying insurance, also known as transference, may not be an affordable or available solution for all the risks within the project. Multiple risks may overlap each other in the schedule, making this unfeasible. In addition, the project manager’s presence would not address the risk event itself. This option is not feasible. A project may have multiple risks on multiple paths, and it would be highly unlikely for the project manager to schedule activities to avoid overlapping those with risks.Discussion
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