Marie has identified a risk event in her project that needs a mitigation response.
Her response actually creates a new risk event that must now be analyzed and planned for.
What term is given to this newly created risk event?
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A. B. C. D.B.
Secondary risks are the risks that come about as a result of implementing a risk response.
This new risk event must be recorded, analyzed, and planned for management.
Incorrect Answers: A: A residual risk event is similar to a secondary risk, but is often small in probability and impact, so it may just be accepted.
C: Infinitive risk is not a valid project management term.
D: Populated risk event is not a valid project management term.
The term given to the newly created risk event resulting from the mitigation response is a "secondary risk."
A secondary risk is a risk that arises as a direct result of implementing a risk response. In other words, it is a new risk event that arises because of the action taken to mitigate or control the original risk event.
When a risk response is implemented, it can change the project environment or introduce new variables that create new risks. These risks are known as secondary risks, and they must be identified, analyzed, and planned for like any other risk.
For example, suppose that Marie has identified a risk event that her project will be delayed due to a lack of resources. To mitigate this risk, Marie decides to hire additional staff to speed up the project. However, by doing so, she now introduces a secondary risk of budget overruns or quality issues if the new staff is not adequately trained.
It is essential to identify and plan for secondary risks to ensure that the overall risk exposure of the project is understood and managed effectively.