priority and urgency

Submitted by vijayavadrevu on Mon, 05/20/2013 - 16:29

 You are working as project manager in an Aerospace Firm and you are currently given in charge of manufacturing a new technology airplane which can cover 1500KM per hour. You are currently updating your risk register and adding priority and urgency values to the risk. You find two risks Risk A with Medium Priority ,High Urgency and Risk B with High Priority and Low Urgency. Which of the above risks you should take care first?

A) Risk B

B)Risk A

C)both should be given equal precedence

D)None of the above

 

 

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pmpnewster

Mon, 05/20/2013 - 16:37

Choice B -> Risk A

Regards.

 

vijayavadrevu

Mon, 05/20/2013 - 16:50

 Yes, you are right. Actually I have chosen option A i.e., High Priority.

As per  Risk Urgency Assessment, high urgency is right. 

I would like to know the difference between high priority and high urgency risks. 

pmpnewster

Mon, 05/20/2013 - 17:02

The manager is "adding priority and urgency values to the risk". Let's try to do what the PM is doing:

Let's assign Low = 1, Medium = 2 and High = 3

 

For Risk A, the numbers will be 2 & 3.   2+3 = 5

For Risk B, the numbers will be 3 & 1.  3+1 = 4

Risk A has a higher score, so we address it first.

 

Alternatively, per the question, Risk A is more Urgent, hence we tackle it first. (Urgency - related to TIME,   Priority - related to IMPORTANCE).

 

vijayavadrevu

Mon, 05/20/2013 - 17:09

 Thank You!!!

sanskrit

Tue, 05/21/2013 - 00:48

B i.e Risk A (Urgency mean near term)