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CAPM Practice: Demonstrate an understanding of project management planning

Question 41 of 100 in Demonstrate an understanding of project management planning

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Olumide Sesay is leading a complex integration project at Xenon Health involving multiple vendor systems. The project has encountered three significant technical risks that could delay the go-live date. Olumide reviews the risk register and notices that one risk has increased in probability from 30% to 70% since the last assessment. What should Olumide do FIRST?
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Correct answer: Reassess the risk's potential impact and update the risk response strategy if needed

Explanation

When a risk's probability changes significantly, the project manager should first reassess both the probability and impact to understand the current risk exposure, then evaluate whether the existing response strategy is still appropriate or needs updating.

**Why not A:** Escalating to the sponsor and requesting additional budget may be premature. Before requesting resources, Olumide should first understand the updated risk exposure by reassessing both probability and impact to determine if the current response strategy is still adequate.

**Why not C:** Removing lower-probability risks from the register would reduce overall risk visibility. All identified risks should remain documented regardless of their relative priority. Risk management requires monitoring all risks, not just the highest-probability ones.

**Why not D:** Implementing all contingency plans immediately is reactive and may be unnecessary. Contingency plans are triggered by specific conditions, and a reassessment should determine whether the existing response strategy needs to be updated or if contingencies are truly warranted.

Key Concept

This question covers Demonstrate an understanding of project management planning under Demonstrate an understanding of project management planning (Project Management Fundamentals and Core Concepts).

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