CAPM Practice: Determine how to follow and execute planned strategies or frameworks
Question 7 of 100 in Determine how to follow and execute planned strategies or frameworks
Show answer & explanation
Correct answer: Assess the risk's probability and impact, then develop and implement an appropriate response
Explanation
Following the planned risk management strategy means executing the defined response procedures. For a medium-level risk requiring immediate action, Zoran should assess it and develop an appropriate response according to the risk management plan. This demonstrates proper execution of the planned framework.
**Why not A:** Escalating immediately to the sponsor bypasses the required assessment step. The risk management plan specifies that medium-level risks require immediate assessment and response planning. Zoran should first determine the risk's probability and impact before deciding whether escalation is appropriate.
**Why not C:** Simply documenting the risk and continuing with planned work is insufficient when the plan calls for immediate assessment and response. Passive documentation without active analysis and response planning fails to follow the planned risk management framework.
**Why not D:** Waiting until the next scheduled risk review meeting ignores the plan's requirement for immediate action on medium-level risks. Delaying assessment could allow the risk to escalate into a larger problem. The risk management plan already defines the appropriate response timeline.
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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