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Plan Risk Mangement Mock Test

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komal
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Plan Risk Mangement Mock Test

Postby komal Wed Sep 06, 2017 2:23 pm

Which of the following describes responses provided which may be used in the event that a specific trigger occurs?

Contingent Response Strategies

Fallback Plan

Risk Mitigation

Residual Risk
pmp_learner
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Re: Plan Risk Mangement Mock Test

Postby pmp_learner Thu Sep 07, 2017 11:58 am

Ans: Fallback Plan


Where did you find this question.. what was the answer given. Can you please share the answer ( along with explanation) if different than the above.
Thanks
nazrulq
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Re: Plan Risk Mangement Mock Test

Postby nazrulq Thu Sep 07, 2017 10:19 pm

How do you know the fallback plan is the right choice usually a backup plan. Specific event triggered if it is known can be managed by Contingency reserve not clearly mentioned.
Risk Mitigation is a general risk response strategies.
Further explanation might clear the situation!
pmp_learner
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Re: Plan Risk Mangement Mock Test

Postby pmp_learner Thu Sep 07, 2017 11:47 pm

You are absolutely right Nazrulq.. After posting the response, I have also been thinking that fallback doesn't seem right choice.. There is no mention of that planned risk response wasn't effective or needed another plan to response risk.
Thanks for pointing that out.
manishpn
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Re: Plan Risk Mangement Mock Test

Postby manishpn Sat Sep 09, 2017 9:03 am

komal wrote:Which of the following describes responses provided which may be used in the event that a specific trigger occurs?

Contingent Response Strategies

Fallback Plan

Risk Mitigation

Residual Risk



For risks which have a contingency response plan, the triggers are usually the events which will invoke the contingency response

I will go with option #1

fallback plan is usually used when you primary response (contingency response) fail to achieve desired results

e.g.

in project you there is a risk of staff member leavings as the skills they have has high demand in market, as a contingency response if a staff member resigns you have a pre-approval to hire from the market.However when you realize that hiring plan is taking time and not effective, a fallback plan could be to BUY the skills from a vendor
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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