Risk Management Question

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salman_2005
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Risk Management Question

Postby salman_2005 Sat Oct 20, 2018 11:38 pm

Hi Manish,
Please help in the below question:

A project manager has just finished the risk response plan for a USD 387,000 engineering project. Which of the following should he probably do next?

A. Determine the overall risk rating of the project
B. Begin to Analyse the risks that show up in the project drawings
C. Add work packages to the project work breakdown structure
D. Hold a Project Risk reassessment

The correct answer is C. I couldn't understand this.

I am mentioning here the part of explanation provided:
The question doesn't ask what is next in the risk management process, just what is next. Adding work packages to the WBS, as part of iterations, comes next in project planning.

I couldn't understand the explanation either. Please help understand.

Thank you.
manishpn
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Posts: 2588
Joined: Sat Jan 04, 2014 3:55 pm

Re: Risk Management Question

Postby manishpn Thu Oct 25, 2018 7:41 pm

salman_2005 wrote:Hi Manish,
Please help in the below question:

A project manager has just finished the risk response plan for a USD 387,000 engineering project. Which of the following should he probably do next?

A. Determine the overall risk rating of the project - This would have already been done to some extent when all risks and its proba and impact was calculated
B. Begin to Analyse the risks that show up in the project drawings - this options makes no sense,
C. Add work packages to the project work breakdown structure - Once the risk repsonses are finalized this will should be added as work packages in overall WBS, as risk responses comprises of activities/Tasks and these need to be included in WBS through WPs
D. Hold a Project Risk reassessment - this makes sense as risk response planning is just concluded

The correct answer is C. I couldn't understand this.

I am mentioning here the part of explanation provided:
The question doesn't ask what is next in the risk management process, just what is next. Adding work packages to the WBS, as part of iterations, comes next in project planning.

I couldn't understand the explanation either. Please help understand.

Thank you.
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
salman_2005
Participant
Participant
Posts: 58
Joined: Wed Sep 26, 2018 8:15 pm

Re: Risk Management Question

Postby salman_2005 Fri Oct 26, 2018 6:02 pm

Understood. Thank you.

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