Ceci Jones is concerned about one risk in particular. Her company has ordered a new wire and cable marking machine.  If the machine works as well as the one Ceci saw demonstrated, her team should be able to complete the current project well ahead of schedule and earn a substantial incentive bonus. This is the good news. The bad news is that the manufacturer of the machining center has just informed Ceci that production has fallen behind schedule and there is a 60 percent chance that it will not be delivered on time for the current project. Ceci called a meeting of her project team and told them: "We need to do something about this risk."

In this scenario, Ceci  Jones is a project manager with a risk problem. She needs to eliminate, transfer, or minimize the risk. How can she eliminate the risk? Is there a way to transfer the risk? What are some things she could do to minimize the risk?

Answer rating: 100% (QA)

Eliminating the Risk Explore Alternative Suppliers Ceci could investigate other suppliers for the wire and cable marking machine Identifying alternati... View the full answer