Question: During the risk analysis process, it is determined that it is impossible to avoid, mitigate, or insure one of the identified risk events. This risk
During the risk analysis process, it is determined that it is impossible to avoid, mitigate, or insure one of the identified risk events. This risk event is a critical item that could cause the project to fail if it occurs. The BEST option for the project manager is to :
A) Play down the risk and the team will find a means of overcoming any failure .
B) Place special emphasis on the risk event to intensely manage that item and all interfacing items.
C) Have the risk assessment team continue to analyze the risk event until it reduces the expected negative value.
D) Ignore the risk assessment because any assigned value is a point estimate which is never precisely the expected state of nature.
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