CAPM Practice: Determine how to follow and execute planned strategies or frameworks
Question 21 of 100 in Determine how to follow and execute planned strategies or frameworks
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Correct answer: Assess the risk's probability and impact, then follow the escalation process if it meets the criteria
Explanation
Following the planned risk management strategy means first assessing the risk to determine if it meets the escalation criteria, then following the defined escalation process. This ensures appropriate response based on the framework already established.
**Why not B:** Immediately escalating without first assessing the risk's probability and impact is premature. The risk management plan specifies escalation for high-probability, high-impact risks, so Sanjay must first determine whether this new risk meets those criteria before escalating.
**Why not C:** Adding the risk to the register without further action is insufficient when the risk management plan requires assessment and potential escalation. Simply documenting the risk passively fails to follow the established framework that calls for active evaluation and appropriate response.
**Why not D:** Implementing a response without consulting the risk management plan ignores the established framework. The plan exists to ensure consistent, appropriate responses based on risk severity. Sanjay should follow the defined process: assess the risk first, then determine the appropriate response based on the assessment results.
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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