CAPM Practice: Determine how to follow and execute planned strategies or frameworks
Question 44 of 100 in Determine how to follow and execute planned strategies or frameworks
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Correct answer: It allows the team to proactively identify and respond to new or changing risks
Explanation
Following a planned risk review strategy enables the team to proactively monitor the risk environment, identify new risks, and adjust responses as needed. This is the primary purpose of regular risk reviews.
**Why not A:** Regular risk reviews do not remove the need for contingency reserves. Contingency reserves address risks that may still materialize despite monitoring. Risk reviews help identify and respond to risks, but they cannot guarantee every risk will be avoided, so reserves remain necessary.
**Why not C:** No risk management process can guarantee that all risks are eliminated. Risk reviews help identify and mitigate risks, but uncertainty is inherent in projects. The goal is proactive management, not total elimination of all possible risks.
**Why not D:** Regular risk reviews do not guarantee stakeholder approval of risk responses. Stakeholder approval depends on the authority structure and governance processes, not on the frequency of risk reviews. Reviews inform decisions but do not ensure automatic agreement.
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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