During the 'create the project plan' activity as part of the initiation stage, the project manager identifies several threats to the project timescales.
These threats relate to stage 3 products.
Therefore, the project manager decides to wait until the end of stage 2 to assess the risks to the project plan.
Is this an appropriate application of the plans theme, and why?
Click on the arrows to vote for the correct answer
A. B. C. D.C.
Reference - https://books.google.com.pk/books?id=CSm7x74Px94C&pg=PA181&lpg=PA181&dq=prince2+risks+inherent+in+the+project+plan+should+be +assessed,+and+the+plan+modified+to+manage+them&source=bl&ots=wY57bkzn3M&sig=ACfU3U2SjvwFX9KajLooA41PHyOT8- nHAA&hl=en&sa=X&ved=2ahUKEwjwk9b1ybnhAhWhMewKHWLwCQYQ6AEwCXoECAgQAQ#v=onepage&q=prince2%20risks%20inherent%20in%20the% 20project%20plan%20should%20be%20assessed%2C%20and%20the%20plan%20modified%20to%20manage%20them&f=false.
The appropriate application of the plans theme is a fundamental aspect of project management. It involves the effective utilization of project management tools and techniques to develop and maintain the project plan throughout the project lifecycle. The project plan is a comprehensive document that outlines the project scope, objectives, deliverables, timelines, resources, and risks.
In this scenario, the project manager has identified several threats to the project timescales during the creation of the project plan as part of the initiation stage. These threats are related to stage 3 products, and the project manager has decided to wait until the end of stage 2 to assess the risks to the project plan.
Option A states that this is an appropriate application of the plans theme because detailed planning of stage 3 should take place after completion of the stage 2 products. However, this option is not relevant to the question as it does not address the issue of assessing risks to the project plan.
Option B suggests that this is an appropriate application of the plans theme because risk planning should take place in the stage plan before the risks occur, not in the project plan. This option is incorrect because it implies that the project manager should only assess risks in the stage plan and not in the project plan, which is not an effective approach to risk management.
Option C argues that this is not an appropriate application of the plans theme because the risks inherent in the project plan should be assessed, and the plan modified to manage them. This option is correct because assessing risks to the project plan is a crucial step in effective risk management. Waiting until the end of stage 2 to assess the risks related to stage 3 products could result in delays or other issues that could have been avoided with proper risk management in the project plan.
Option D suggests that the risk actions to manage project-level threats should be recorded in the risk register, which is true. However, it does not address the issue of assessing risks to the project plan, which is the main concern in this scenario.
In conclusion, the correct answer is option C because the risks inherent in the project plan should be assessed, and the plan modified to manage them. The project manager should assess risks to the project plan and modify it accordingly, rather than waiting until the end of stage 2 to assess the risks related to stage 3 products. This approach will ensure that the project plan is effective and can effectively manage risks throughout the project lifecycle.