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CAPM Practice: Determine how to follow and execute planned strategies or frameworks

Question 73 of 100 in Determine how to follow and execute planned strategies or frameworks

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Vikram Kessler is managing a project at Drivechain Motors. The risk management plan identifies a strategy to transfer certain technical risks to a vendor. What is Vikram's PRIMARY responsibility in following this planned strategy?
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Correct answer: Execute the vendor contract and ensure the vendor accepts the identified risks as specified in the risk management plan

Explanation

Following a planned risk strategy means executing it as designed. If the plan calls for risk transfer to a vendor, the project manager should implement that transfer through the vendor contract and ensure proper documentation.

**Why not B:** Modifying the risk management plan to avoid risks instead of transferring them changes the approved strategy without justification. If the plan specifies risk transfer to a vendor, the project manager should execute that strategy rather than unilaterally changing the approach.

**Why not C:** Documenting the risks but managing them internally contradicts the planned transfer strategy and defeats its purpose. Risk transfer is chosen because the vendor is better positioned to manage those specific risks. Continuing to manage them internally wastes the risk transfer strategy and may expose the project to unnecessary liability.

**Why not D:** Waiting until risks occur before contacting the vendor is reactive, not proactive. The risk transfer should be established through the vendor contract before risks materialize so that the vendor is prepared and contractually obligated to handle them when they arise.

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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