Risk management -Rita mulchay

Discussion in 'PMP' started by Archana Sathaiahgari, Jun 11, 2019.

  1. Archana Sathaiahgari

    Archana Sathaiahgari Active Member

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    Hello ,
    Can someone please explain the answer.
    answer is c
    17. A project manager has just finished the risk response plan for a $387,000 engineering project. Which
    of the following should he probably do next?
    A. Determine the overall risk rating of the project.
    B. Begin to analyze the risks that show up m the project drawing.
    C. Add work packages to the project work breakdown structure.
    D. Hold a project risk review.

    Regards,
    Archana
     
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  2. Arvind Shekhar

    Arvind Shekhar Well-Known Member

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    Hi
    in this question the process described is "plan risk responses".
    This process identifies ways to address individual as well over all project risks. it also allocates resources and inserts activities to into project documents and project plans as needed to include planned risk responses.
    now option wise analysis
    A related to over all project risk rating - perform quantitative risk analysis
    B Part of identify risk and then perform qualitative risk analysis.
    C It is part of Scope baseline update ( WBS being part of Scope baseline) one of out put in Plan risk responses. All the base line are updated as result of risk responses that has been planned.
    D Hold a project review part of risk audit in "monitor risk responses".

    So C is best answer which relates to Plan risk responses and it should be next step to include the risk response in WBS.

    Arvind
     
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  3. Archana Sathaiahgari

    Archana Sathaiahgari Active Member

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    Thank you Arvind....got it.
    One more question..would like to practice questions related to network diagram ,EVM,CPIF and decision tree.
    Can you please suggest any links .
    Thank you for your inputs.

    Regards,
    Archana
     
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  4. Arvind Shekhar

    Arvind Shekhar Well-Known Member

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    Hi Archana
    Yes there are 3 Books by Aileen Ellis on Amazon In kindle as well as Paperback.
    PMP Certification Math Practice Updated: Earned Value Problems, Contracts Problems, Critical Path and Schedule Compression Problems, and More. by Rod.C. PMP, Amazon kindle.
    all above are available on Kindle Unlimited , amazon prime
    50 Exclusive question for by Whizslab and Head First critical path drill are pdf available on net.

    Arvind
     
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  5. Archana Sathaiahgari

    Archana Sathaiahgari Active Member

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    Thank you so much Arvind for the quick response.
     
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