Question: After identifying potential project risks, the project team should then . a. develop risk response plans for all identified risks. b. wait for the sponsor

After identifying potential project risks, the project team should then .

a. develop risk response plans for all identified risks.

b. wait for the sponsor to conduct a risk assessment.

c. move on to other components of the charter, since identifying risks is the only risk-related activity in the initiating phase.

d. assess each risk based on probability and likely impact, and then create a risk response plan for each major risk.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Project Management Questions!