Your project team has identified a project risk that must be responded to.
The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event.
The event is not likely to happen for several months but the probability of the event is high.
Which one of the following is a valid response to the identified risk event?
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A. B. C. D.A.
The best response to a high probability risk event that is not likely to happen for several months is a corrective action.
Corrective action is a response to a risk event that has occurred or is likely to occur. It is a proactive approach to dealing with risk and involves taking action to prevent the risk from materializing or mitigating the impact of the risk if it does occur. In this case, the team can implement a corrective action plan to address the risk event and reduce the probability of it occurring. This could include implementing controls, changing project activities or timelines, or other measures to mitigate the risk.
Technical performance measurement, risk audit, and earned value management are not valid responses to the identified risk event in this scenario.
Technical performance measurement is a process of assessing the effectiveness and efficiency of a project's technical processes and activities. It is not a risk response.
Risk audit is a review of the risk management process to ensure that risks are being identified, analyzed, and managed effectively. It is not a risk response.
Earned value management is a technique for measuring a project's progress and performance against its planned cost and schedule. It is not a risk response.
Therefore, the correct answer is A. Corrective action.