Risk Response in PRINCE2's Recommended Risk Management Procedure |
Question
The project is using PRINCE2's recommended risk management procedure.
In the 'identify' step, a risk was recorded in the risk register: ''If the 'accredited classroom-based course' is delayed, there is a threat that work on the 'e-learning course' will be delayed, resulting in the 'accredited e-learning course' not being ready for the 'pilot courses'.'' In the 'implement' step, a risk response was decided: ''Work will start incrementally on the 'e-learning course' whenever a part of the 'classroom-based training materials' gains accreditation''
Is this appropriate, and why?
Answers
Explanations
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A. B. C. D.B.
The given risk management procedure follows the PRINCE2 methodology, which involves a structured approach to risk management. In PRINCE2, the risk management procedure comprises four steps: identify, assess, plan, and implement.
In the identify step, risks are identified and recorded in the risk register. The given risk, "If the accredited classroom-based course is delayed, there is a threat that work on the e-learning course will be delayed, resulting in the accredited e-learning course not being ready for the pilot courses," has been identified and recorded in the risk register.
In the assess step, the identified risks are assessed for their probability and impact. This step helps to prioritize the risks for further analysis and response planning. However, the question does not mention anything about the assessment step.
In the plan step, risk responses are planned for the identified risks. The risk responses should address the potential threats to the project and capitalize on the opportunities. The planned risk responses should be documented in the risk register. However, in the given scenario, there is no information mentioned about the plan step, and it is not clear whether the risk responses have been planned or not.
In the implement step, the planned risk responses are implemented. The given response, "Work will start incrementally on the e-learning course whenever a part of the classroom-based training materials gains accreditation," is decided to address the risk identified in the identify step. This response seems appropriate because it takes into account the potential delay in the classroom-based course and ensures that work on the e-learning course starts incrementally. This response will help to reduce the impact of the threat identified in the identify step.
Therefore, option B, "Yes, because a risk response needs to be implemented for this major threat," is the most appropriate answer. Although it would have been better to plan the risk response before implementing it, the given response seems appropriate and will help to mitigate the potential risk.
