Choosing a Risk Response that Updates the Human Resource Management Plan | CAP Exam Answer
Question
You work as a project manager for BlueWell Inc.
Your project is running late and you must respond to the risk.
Which risk response can you choose that will also cause you to update the human resource management plan?
Answers
Explanations
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A. B. C. D.B.
When managing a project, risks are always present and must be handled proactively to prevent delays and issues. Risk response strategies can be implemented to help minimize or eliminate risks. Each response strategy has its benefits and disadvantages, and project managers must choose the one that is most suitable for the situation.
The question asks which risk response strategy can cause an update to the human resource management plan while also addressing the risk that the project is running late. Let's take a closer look at each of the options:
A. Teaming agreements: This response strategy involves developing an agreement with another team or organization to share resources and work together to complete the project. While this can help to mitigate risk, it does not necessarily require an update to the human resource management plan.
B. Crashing the project: Crashing involves adding resources to the project to reduce the timeline. This strategy can cause an update to the human resource management plan because it requires additional resources and may result in changes to the project schedule.
C. Transference: Transferring risk involves shifting responsibility for the risk to another party, typically through insurance or other contractual agreements. This strategy does not necessarily require an update to the human resource management plan.
D. Fast tracking the project: Fast tracking involves overlapping project phases or activities to accelerate the timeline. This strategy can cause an update to the human resource management plan because it requires additional resources and may result in changes to the
