Risk Management

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KaurP
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Risk Management

Postby KaurP Mon Jun 18, 2018 12:36 pm

Question: Since you know the importance of risk management, you always include it as an agenda item in your weekly status meetings and spend ten minutes discussing the risks. Some of your project team members complain that since none of the risks are actually happening, discussing risk management issues in status meetings is a waste of time. What should you do?

Choice 1. Talk to your team members about the importance of risk management and why the project team needs to be aware of all risks at all points of time.

Choice 2. Agree with your team members and mention to them that henceforth, no more time would be spent on discussing risks in the project status meetings unless required in the future.

Choice 3. Call a meeting with your project sponsor and project management team to discuss potential training requirements for your project team members so that they can appreciate the benefits of risk management.

Choice 4. Escalate to your management that some of your team members do not agree with your risk management practices.

Correct Choice: 2

Does this answer seem right?

Thanks!
manishpn
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Re: Risk Management

Postby manishpn Sat Jun 23, 2018 1:14 pm

what is the sources, share the explanation they have provided for option #2,
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
KaurP
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Posts: 94
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Re: Risk Management

Postby KaurP Fri Jun 29, 2018 1:59 pm

Explanation:

Project Risk Management should be an agenda item at periodic status meetings. The amount of time required for that item will vary, depending upon the risks that have been identified, their priority, and difficulty of response.
manishpn
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Re: Risk Management

Postby manishpn Sat Jun 30, 2018 6:59 pm

I would give such questions a pass, its not worth spending time on
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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