CAPM Practice: Determine how to follow and execute planned strategies or frameworks
Question 10 of 100 in Determine how to follow and execute planned strategies or frameworks
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Correct answer: To minimize the impact of the risk event on project objectives
Explanation
The primary purpose of executing a planned risk response is to minimize the impact of the identified risk event on project objectives. Risk responses are planned in advance specifically to address risks if they occur, with the goal of keeping the project on track.
**Why not A:** Identifying the root cause of why the supplier was delayed may be useful for future learning, but the primary purpose of executing the planned risk response is to address the immediate impact on project objectives. Root cause analysis can happen after the response is implemented.
**Why not B:** Updating the project charter with new risk tolerance levels is not the purpose of executing a risk response. The charter is a high-level authorization document, and risk tolerance is typically established during risk planning, not during response execution.
**Why not D:** Documenting lessons learned about supplier performance is a valuable activity for future projects but is not the primary purpose of executing the planned response. The immediate goal is to minimize impact on current project objectives, not to capture retrospective insights.
Key Concept
This question covers Determine how to follow and execute planned strategies or frameworks under Determine how to follow and execute planned strategies or frameworks (Project Management Fundamentals and Core Concepts).
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