risk mgt question
Submitted by bkthakkar on Mon, 04/01/2013 - 18:00
Ted, a team member, is assigned as a risk owner. He should also be in ?
a) performing the risk audit
b) determining risk thresholds
c) meeting with senior mgt
d) developing risk response
greatly confused with the answer for this question.
I feel the situation is in planning phase of project. therefore, Performing risk audit is ruled out, determining risk thresholds is generally done at high level and being team member he cannot take a big call on this matter.
It lies in between (c) n (d).
I go for (d) - developing risk response but the answer says meeting wth senior mgt.(c)
can someone explain the logic behind it?
Forums:
admin
Tue, 04/02/2013 - 12:23
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I would also think the answer
I would also think the answer would be D.
Ted is not a PM, he is just a risk owner for a particular risk, he should be developing risk reponse. I am not sure where is Meeting Sr. Managment coming into picture.
Julbrown31
Tue, 04/02/2013 - 13:18
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Really C? I would also think
Really C? I would also think answer D.
The project team works together to develop risk response. I don't think the project team members have to meet w management. Interesting.
crushPMP
Tue, 04/02/2013 - 15:57
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Would definitely go with D
Would definitely go with D here.
What's the source of this question, please avoid it like a plague
bkthakkar
Tue, 04/02/2013 - 23:10
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it was from one of the
it was from one of the question bank from where i completed 35 hours formal trg
sspawar
Tue, 04/02/2013 - 23:41
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this question may be fit.
This question may be fit. with little modification
Option C -- in place of "meeting with senior mgt" should be "meeting with project management team".
Option a, and b are not true.
Option D is also not correct because - Risk owner can implement risk response, but process of develop risk response - is a part of planning.
Qsn is stressing -- He should also be in---- not necessarily be in develop risk response.
But being a risk owner --- he should be in meeting of project management team.