Risk Management Query
Submitted by balasg1984 on Wed, 11/12/2014 - 03:31
PM identifies a risk of heavy storm in coming months which might affect the construction activity. What best PM can do?
A) Capture risk in risk register
B) Actively accept the risk and allocate time and cost reserve in contingency fund
Please answer.
Forums:
admin
Thu, 11/13/2014 - 03:33
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Should be B - you will have
Should be B - you will have to accept the risk and allocate time and cost reserve for damage done by storm.
balasg1984
Fri, 11/14/2014 - 06:45
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Why not option A
But once the risk is identified, should we not immediately update in risk register?
Please clarify
admin
Fri, 11/14/2014 - 08:24
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I read the question as what
I read the question as what is the best thing PM can do , you are right risk register can be updated, but B seems more appropriate answer