Taken from Cert-CAPM3ED
Related Exam: PMI Cert-CAPM3ED PMCert: Certified Associate in Project Management Third Edition
Item Number: Cert-CAPM3ED.6.12.12
All of the following would by used in identifying quality standards for a project, EXCEPT:
Previous question and answer:
Taken from Cert-PMP4ED
Related Exam: PMI Cert-PMP4ED PMCert: Project Management Professional Fourth Edition
Item Number: Cert-PMP4ED.2.19.5
You are managing a project to develop a new commercial software package to be resold by your company. One of your senior software developers has recently had some health problems. You are concerned that he may soon be undergoing a surgical procedure while the project is in progress. You decide to leave the original project schedule unchanged but develop a contingency plan of using outside contractor resources to complete the coding if necessary.
Which type of risk response strategy are you demonstrating?
- You are demonstrating a risk response strategy of acceptance. Acceptance involves accepting the risk and leaving the project plan unchanged. Examples of acceptance would include taking no action at all or leaving the plan unchanged and developing a contingency or fallback plan.
You are not demonstrating a risk response strategy of avoidance. Avoidance involves modifying the project plan to eliminate the risk or its impact. Examples of avoidance would include limiting the scope of a project, adding resources to a project to eliminate the risk, or removing resources from a project to eliminate the risk.
You are not demonstrating a risk response strategy of transference. Transference involves transferring the risk and its consequences to a third party. The third party is then responsible for owning and managing the risk.
You are not demonstrating a risk response strategy of mitigation. Mitigation involves reducing the probability or impact of a risk to an acceptable risk threshold. Examples of mitigation would include taking actions to minimize the probability of a risk.
- A Guide to the Project Management Body of Knowledge - PMBOK Guide 4th Edition - Project Risk Management - 11.5.2 Plan Risk Responses: Tools and Techniques