When it appears that a project risk is going to happen, what is this term called?
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A. B. C. D.C.
A trigger is a warning sign or a condition that a risk event is likely to occur within the project.
Incorrect Answers: A: Issues are events that come about as a result of risk events.
Risks become issues only after they have actually occurred.
B: A contingency response is a pre-planned response for a risk event, such as a rollback plan.
D: A threshold is a limit that the risk passes to actually become an issue in the project.
The term used when a project risk is likely to happen is "Trigger". A trigger is an event or condition that indicates that a risk event is likely to occur or has already occurred. Triggers help identify risks early so that appropriate measures can be taken to prevent or mitigate the negative impacts of the risk event.
When a trigger is identified, it is important to assess the potential impact of the risk and determine the appropriate response. The response may include implementing mitigation strategies, transferring the risk to a third party, accepting the risk, or escalating the risk to senior management for further action.
In contrast, an issue refers to a problem that has already occurred and needs to be resolved. Contingency response refers to a predefined plan of action that is implemented in response to a risk event. A threshold refers to a predetermined limit or level of a risk or performance indicator that, if exceeded, triggers a predefined response or action.
Overall, understanding triggers and effectively managing risks can help organizations to identify potential issues early and minimize the impact of negative events on project outcomes.