Question on accepted risk

Submitted by mwaqas on Tue, 04/21/2015 - 07:07

Q: While monitoring project risk, you find that an accepted risk is going to occur. Which of the following will you use to develop response?

A: Risk response plan

B: Fallback plan

C: Mitigation plan

D: Risk register

 

Two seperate sources have two different answers so it is confusing.

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dipti1pmp

Tue, 04/21/2015 - 13:50

B: Fallback plan

mwaqas

Tue, 04/21/2015 - 14:21

I thought of option b as well but one explaination says we develop risk response plan to counter any risk happening. Hence during planning, risk response plan is developed and used during m&c... However other explaination says since it is an accepted risk, we have a fall back plan for it so we use that.

Still confusing as both explainations seem justified.

chinnasamy

Sat, 04/25/2015 - 08:25

C. mitigation plan 

its acceptable one

 

sudeep

Mon, 04/27/2015 - 11:03

As it is identified risk so to counter the identified risk we will refer the response plan.

So, my answer is - A

How to response a risk like plan -B, mitigate etc will be in Risk response plan. Pl. clarify if I am wrong .