Question: You have identified risks, assessed them using a probability impact matrix, and ranked them according to their priority. What should you do NEXT? A. Plan

You have identified risks, assessed them using a probability impact matrix, and ranked them according to their priority. What should you do NEXT?

A. Plan risk responses.

B. Approve the project management plan.

C. Prepare the top ten list.

D. Identify secondary risks.

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 For Small Projects Questions!

Q:

Case: Office Build-Out Project The TSA recently mandated a change to the passenger screening process. In order to accommodate this mandate, a small-hub airport needed to perform an internal build-out...

Q:

A Not-For-Profit Medical Research Center (from: taken from: Successful Project Management. 6, by Gido and Clements, pg. 134-136) You are Alexis, the director of external affairs for a national...

Q:

3) Read the case entitled: A Not-for-Profit Medical Center, which can be found in the Assignment folder under the Content section of UM Learn Answer the questions below. a) Identify 8 risks...

Q:

PROJECT RISK MANAGEMENT PLAN TEMPLATE This Project Risk Management Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful...

Q:

Project Risk Management Plan Template This Project Risk Management Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful...

Q:

Your assessor will observe you participate in parts of this task to manage program risk on at least one occasion. To do this, you will perform the task and demonstrate your ability to: direct the...

Q:

MGT6153.E1 Summer 2016 Multiple-Choice Exercise 3 Total Questions: 40 This assignment is due by Saturday of Week 9 August 13th at 11:59 PM Central Time. Identify the choice that best completes the...

Q:

Peter is using the Critical Path Method to estimate the duration of a particular activity without taking risk into consideration if the optimistic time is 6 days, the most likely time is 9 days and...

Q:

TABLE 11-4 Sample risk register Rank Risk Description Category Cause Triggers Responses Owner Probability Impact Status events, Jects also helps the Root Potential Risk No. R21 2 R7 3 482 Chapter 11...

Q:

Review the project scenario and answer the 2 questions that follow. Each question is worth 3 points (6 points in total). Project Scenario The project got off to a strong start. All the necessary...

Q:

In a genetic study, a regular food was placed in each of 20 vials and the number of flies of a particular genotype feeding on each vial recorded. The counts of flies were also recorded for another...

Q:

There is a 4 % probability that the plane used for a commercial Might has technical problems, and this causes a delay in the flight. If there are no technical problems with the plane, then there is...

Q:

Itai is worried about being able to pay his premium if he is totaly and permanenty disabled before af following riders should he consider? Multiple Choice Guaranteed insurability option Waiver of...

Q:

Compare the different sources of funding available to small business owners. What types of funding are better at the beginning stages of a business? What types of funding may be better once the...