You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?
A.
These risks can be dismissed.
B.
These risks can be accepted.
C.
These risks can be added to a low priority risk watch list.
D.
All risks must have a valid, documented risk response.
Suggested Answer:C🗳️
Low-impact, low-probability risks can be added to the low priority risk watch list. Incorrect Answers: A: These risks are not dismissed; they are still documented on the low priority risk watch list. B: While these risks may be accepted, they should be documented on the low priority risk watch list. This list will be periodically reviewed and the status of the risks may change. D: Not every risk demands a risk response, so this choice is incorrect.
I will go with B
Document and Monitor:
Document: Record these small risks in your risk register or risk log. Even if they are minor, keeping a record ensures they are acknowledged and can be tracked.
Monitor: Regularly review these risks to see if there are any changes in their likelihood or impact. Monitoring helps in ensuring that small risks do not escalate into bigger issues.
Accept and Tolerate:
Acceptance: Sometimes, the best course of action is to accept the risk and do nothing beyond documenting and monitoring it. This is usually done when the cost of mitigating the risk is higher than the potential impact.
Tolerance: Define the tolerance level for these risks. This involves setting thresholds for when a risk might need to be revisited if conditions change.
This doesn't actually say in black & white that the risk is both "low priority AND low risk". Only there risks can be added to a watchlist.
As such I agree the answer is B
The answer will be B, when you accept the risk. The risk is monitored on a periodic basis. First, you accept the risk, then you monitor it
upvoted 1 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Joloms
1 month, 1 week agoAaronS1990
5 months, 3 weeks agoShaws1
3 years, 4 months ago