Oliver 175 - 55th Question

[amolfuke]

You are running a major project with four sub-projects. Each of the sub-project managers has developed a risk management plan, identified many risks, analyzed them and planned for risk response. It is now two months later. What should you not do?

o Ensure that they handle all risks to save you from project level risk control.
o Make sure that the sub project managers monitor their project work for new and changing risks.
o Make sure that the sub project managers keep track of the identified risks and those on the watch list.
o Make sure that the sub-project managers monitor trigger conditions for contingency plans.

Correct answer is #1. Why can't I let sub project managers handle their risk ?

[amolfuke]

Sorry for wrong title.Its 55th question

[jyotimayank]

The correct answer is option A.
Sub project managers can monitor and keep track of the risks but the overall accountability of handling all the risks lies with the project manager only.

Refer to page 349 of PMBOK® Guide 5th Edition

It’s important that you identify all the risks early in the process. The better job you do of identifying the project’s risks at the Planning stage, the more comprehensive the risk response plan will be. Monitor and Control Risks is resplonsibility of the project manager, and should occur throughout the life of the project. Identified risks are monitored and plans are reexamined to determine whether they will adequately resolve the risk as it approaches during this process.

You can refer to the following link for more insight of this topic

Learn How To Realize Positive Risk Response Strategies (Opportunities)
http://www.izenbridge.com/blog/learn-ho ... rtunities/

How To Handle Negative Risks-Learn Negative Risk Response Strategies
http://www.izenbridge.com/blog/how-to-h ... trategies/