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A project manager managing a high-risk rating project was just informed that one of the key project resources has decided to leave the organization. The project manager asks the risk manager for their recommendations. The risk manager previously identified this as a risk and had created a transition plan to enable another resource to carry out the same duties The risk manager was informed that by transitioning the responsibilities to the new resource, new risks to the completion dates of other project-related tasks appear.
What should the risk manager advise the project manager?
Suggested Answer: A
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39 comments · newest first
EL
Elden
11 months ago
Just a reminder, secondary risks are part of the game in project management.
JA
Jackie
11 months ago
Totally agree, updating the risk plan is crucial!
CH
Charlene
12 months ago
Wait, how can new risks just pop up like that?
DI
Diego
12 months ago
I think addressing the secondary risks is the way to go.
OR
Oretha
1 year ago
Sounds like a classic case of risk management in action!
WI
Willis
1 year ago
I recall a practice question where we had to apply a risk acceptance strategy, but I don't think that's the best option here since there are new risks involved.
SU
Susana
1 year ago
I feel like escalating the new risks to stakeholders might be a bit too much unless they directly affect the project timeline.
KA
Kara
1 year ago
I'm not entirely sure, but I think updating the risk management plan with new probabilities and impacts could be important. It feels like a proactive approach.
LA
Latricia
1 year ago
I remember we discussed how secondary risks can emerge from primary risks, so I think addressing them as per the risk management plan makes sense.
GL
Glenn
1 year ago
Ah, this is a good one. I'd recommend updating the risk management plan to reflect the changed probabilities and impacts, then adjusting the response accordingly.
GI
Gilberto
1 year ago
Okay, I think I've got a good handle on this. The key is to address the new risks as per the existing risk management plan. That seems like the most straightforward approach.
CA
Carissa
1 year ago
Hmm, I'm a bit unsure here. I'll need to think through the options and make sure I understand the implications of each approach.
FL
Fletcher
1 year ago
This seems like a tricky situation. I'll need to carefully review the risk management plan and consider the potential impact of the new risks.
RU
Ruthann
1 year ago
I bet the risk manager is wishing they had a risk management plan that could handle the unexpected. Maybe they should have consulted a magic 8-ball instead.
VI
Vince
1 year ago
It's important for the project manager and risk manager to communicate effectively and collaborate on finding solutions to address the new risks.
GA
Garry
1 year ago
The project manager could consider reallocating resources or seeking additional support to mitigate the impact of the unexpected risks.
JE
Jessenia
1 year ago
Maybe the risk manager can suggest adjusting the project schedule to account for the potential delays caused by the new risks.
MO
Mona
1 year ago
The risk manager should advise the project manager to review the transition plan and assess the impact of the new risks.
MO
Monte
1 year ago
A is a cop-out. You can't just accept new risks without a proper plan. The risk manager needs to be proactive and address these issues.
KE
Keneth
1 year ago
Let's communicate with the project team and stakeholders about the potential delays and work together to find solutions.
PA
Paulina
1 year ago
We should update the risk register and develop mitigation strategies for the new risks that have emerged.
AL
Alfred
1 year ago
We need to reassess the impact of transitioning the responsibilities to the new resource.
EL
Ellsworth
1 year ago
D is the way to go. Escalating the new risks to the stakeholders is crucial to ensure proper communication and buy-in for the risk management process.
VA
Val
1 year ago
D) Escalate the new risks immediately to the project stakeholders to ensure proper risk communication is in place.
AN
Antonio
1 year ago
B) Address these secondary risks as per the risk management plan
CA
Carylon
1 year ago
A) Apply a risk acceptance strategy to the new risks as there is no risk response plan.
JA
Jaime
2 years ago
I think C is the best option. The risk manager should update the plan to reflect the new probabilities and impacts, and then adjust the response accordingly.
PA
Patti
1 year ago
C) Update the risk management plan with the new probability/impact and change the response.
BI
Billy
1 year ago
B) Address these secondary risks as per the risk management plan
ER
Ernest
1 year ago
A) Apply a risk acceptance strategy to the new risks as there is no risk response plan.
AS
Ashleigh
2 years ago
Option B seems like the most logical choice. The risk management plan should already have provisions for addressing any secondary risks that arise from the initial risk response.
BR
Britt
1 year ago
D) Escalate the new risks immediately to the project stakeholders to ensure proper risk communication is in place.
WI
Willis
1 year ago
C) Update the risk management plan with the new probability/impact and change the response.
NE
Nenita
1 year ago
C) Update the risk management plan with the new probability/impact and change the response.
CA
Carin
2 years ago
B) Address these secondary risks as per the risk management plan
RE
Reiko
2 years ago
B) Address these secondary risks as per the risk management plan
RU
Rusty
2 years ago
I believe the risk manager should also update the risk management plan with the new probability/impact and change the response accordingly.
WE
Wendell
2 years ago
I agree with Kallie. It's important to follow the risk management plan to mitigate any potential negative impacts on the project.
KA
Kallie
2 years ago
I think the risk manager should advise the project manager to address these secondary risks as per the risk management plan.