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CIMAPRA19-E02-1 Exam - Topic 3 Question 85 Discussion

As part of a project to refurbish a large hotel chain, the wiring of the computer network was subcontracted to a specialist IT organisation. In relation to managing risk in the project this approach can be referred to as:
A) Reduce and B) Avoid and C) Transfer
D) Accept

CIMAPRA19-E02-1 Exam - Topic 3 Question 85 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 85
Topic #: 3
[All CIMAPRA19-E02-1 Questions]

As part of a project to refurbish a large hotel chain, the wiring of the computer network was subcontracted to a specialist IT organisation. In relation to managing risk in the project this approach can be referred to as:

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Suggested Answer: A, B, C

by Jacqueline at Apr 23, 2024, 10:25 AM

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Alexia
9 months ago
Classic move in project management, love it!
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Lisandra
10 months ago
Wait, are we sure this is the best way to handle it?
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Desirae
10 months ago
Not sure, could it also be seen as avoiding risk?
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Norah
10 months ago
I agree, outsourcing shifts the responsibility.
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Jackie
10 months ago
This is definitely a transfer of risk!
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King
10 months ago
I keep mixing up the terms, but I think "accept" is when you just deal with the risk yourself, right?
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Malcom
11 months ago
This sounds similar to a practice question we did on risk management strategies. I feel like "transfer" fits best here.
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Candida
11 months ago
I'm not entirely sure, but I remember something about risk transfer being when you hand off responsibility to another party.
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Sang
11 months ago
I think this might be about transferring risk since the hotel chain is outsourcing the wiring to a specialist.
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Angelyn
11 months ago
I'm pretty confident this is a transfer of risk. By subcontracting the wiring work, the hotel chain is passing that risk on to the specialist IT organization. That seems like the best answer here.
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Fidelia
11 months ago
I'm a bit confused on this one. Is subcontracting the same as reducing the risk? Or is it more about transferring the risk to someone else? I'll have to think it through step-by-step.
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William
11 months ago
Okay, I've got this. Subcontracting the wiring work to a specialist IT organization is a way to transfer the risk to another party. That's the correct answer here.
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Quentin
11 months ago
Hmm, I'm a bit unsure about this one. Transferring the wiring work to a specialist IT organization - is that considered reducing, avoiding, transferring, or accepting the risk? I'll have to re-read the question carefully.
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Ilona
11 months ago
This seems like a straightforward risk management question. I'll think through the different options and see which one best fits the scenario.
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Margo
11 months ago
This looks like a classic API architecture question. I think the key is to understand the different tiers and where the security and formatting requirements should be enforced.
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Floyd
11 months ago
I'm a bit confused on the fast reroute capability here. I'll need to review that concept to determine if it's relevant.
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Lawrence
1 year ago
Transferring the risk to the IT specialists is the way to go. Although, I heard their idea of 'refurbishing' involves rewiring the entire hotel with duct tape and paperclips.
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Paz
1 year ago
Transfer, definitely. Outsourcing the network work is a great way to manage the risk. Though I did hear the IT company likes to 'electrify' their projects - yikes!
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Michel
1 year ago
D) Accept
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Ashleigh
1 year ago
I agree, transferring the risk to the IT organisation is a smart move.
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Tiara
1 year ago
C) Transfer
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Justine
1 year ago
I'm going with transfer on this one. Offloading that technical risk to the IT company makes total sense for a hotel refurbishment project.
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Marya
1 year ago
Avoiding the risk altogether would be difficult in this situation.
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Ailene
1 year ago
Reducing the risk might not have been enough for such a complex project.
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Arlie
1 year ago
I think avoiding the risk altogether would have been too extreme in this case.
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Katina
1 year ago
It's definitely the best option to reduce the project's overall risk.
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Josefa
1 year ago
I agree, transferring the risk to the IT company is a smart move.
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Tamra
1 year ago
I agree, transferring the risk to the IT company is a smart move.
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Raylene
1 year ago
I'm not sure, but I think it could also be D) Accept, since the hotel chain is ultimately responsible for any issues.
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Laurel
1 year ago
I agree with Deonna, transferring the risk to the specialist IT organisation seems like the best approach.
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Laquanda
1 year ago
Hmm, I think transfer is the right answer here. Outsourcing the networking work to specialists seems like a smart risk management strategy.
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Theresia
1 year ago
It's a smart move to transfer the risk to a specialist IT organisation.
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Tamar
1 year ago
Outsourcing can definitely help reduce the risk for the project.
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Barb
1 year ago
I think so too, it's better to let experts handle it.
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Carey
1 year ago
I agree, transferring the risk to specialists is a good idea.
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Maile
1 year ago
Transfer! Passing the risk to someone else is the way to go for this project. I'm all about that minimized liability.
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Deonna
1 year ago
I think the answer is C) Transfer.
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