Back to lesson
1. Why is the contingency planning response to project risks referred to as a “two-step” process?
The risk response strategy is initially “accept.” If the trigger event occurs, the risk response strategy changes to one of the other risk response strategies.
A portion of the contingency plan is implemented in the current phase and the remainder of the contingency plan is implemented in a later phase.
The contingency plan is first created and then it is implemented.
2. What is one characteristic attribute of a contingency plan trigger event?
The event is a milestone in the project schedule.
The trigger is approved by senior management.
The event is discrete – meaning there is a clear indication of whether the event has occurred or not.
3. Should a contingent risk response be used with a positive risk (opportunity, a negative risk (threat), or both?
Back to the top
© 2017 GoSkills Ltd.
Skills for career advancement