Tasks in Reaction to Risk Event Occurrence
Question
You are the project manager of GHT project.
A risk event has occurred in your project and you have identified it.
Which of the following tasks you would do in reaction to risk event occurrence? Each correct answer represents a part of the solution.
Choose three.
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.ABD.
When the risk events occur then following tasks have to done to react to it: -> Maintain incident response plans -> Monitor risk -> Initiate incident response -> Communicate lessons learned from risk events Incorrect Answers: C: Risk register is updated after applying appropriate risk response and at the time of risk event occurrence.
As a project manager, it is important to have a plan in place to respond to risk events. When a risk event occurs, the following tasks should be performed:
Monitor Risk: The project manager should closely monitor the risk event to assess its impact on the project. This includes tracking any changes in the risk, determining if the risk is still relevant, and deciding if additional actions are required to manage the risk.
Maintain and Initiate Incident Response Plans: The project manager should activate the incident response plan to manage the risk event. This plan outlines the steps to be taken to minimize the impact of the risk on the project. The incident response plan may include a list of actions to take, a communication plan, and a list of stakeholders who need to be informed.
Update Risk Register: The project manager should update the risk register to reflect the risk event. This includes updating the probability and impact of the risk, as well as any actions taken to manage the risk. The risk register should be reviewed regularly to ensure that it remains up-to-date.
Communicate Lessons Learned from Risk Events: The project manager should communicate lessons learned from the risk event to the project team and other stakeholders. This information can be used to improve the risk management processes and reduce the likelihood of similar events occurring in the future. The communication plan should outline who needs to be informed and what information should be provided.
In conclusion, to react to a risk event occurrence, the project manager should monitor the risk, maintain and initiate the incident response plan, update the risk register, and communicate lessons learned from the risk event. By following these steps, the project manager can effectively manage the risk and minimize its impact on the project.
