Response to Negative Risks

Submitted by elthox on Mon, 07/08/2013 - 19:37

 When a negative risk occurs in a project, a response to it would be called:

  1. A contingency plan

  2. Failure planning

  3. A workaround

  4. Backup planning

I selected A, as per Scordo`s answers it is C.

Explanation: A workaround is a response to a negative risk that has occurred. It differs from a contingency plan in that a workaround is not planned in advance of the occurrence of the risk event.

The question doesnt mention about planned or unplanned responses. 

What do you think?

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PMP / CAPM exam Question bank
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admin

Tue, 07/09/2013 - 03:49

 Yes, but since it says a negative risk has occured, we can assume that it was on the risk register. I agree tha there is ambiguity in the question.

humanbeing2001

Tue, 07/09/2013 - 04:54

A negative risk can not occur if there is contingency plan in place. If the Question had been "A negative Risk can occur in a project, a response to it would be called Contingency Plan." Once we have contingency plan in place, a negative risk can not occur as contingency plan would response to it prior to its occuring.

Once a negative risk occurs in a project, it means that there were no contingency plan in place and now we have to deal with it either with Workaround or fallback plan.