Multiple Select QuestionSelect all that applyWhat functions are included in a risk response strategy?Multiple select question.Developing management reservesMonitoring "triggering" eventsWatching for new risksInitiating contingency plansNeed help? Review these con

Multiple Select QuestionSelect all that applyWhich response explains why monitoring risk during project execution is important?Multiple select question.Not required because the risk management plan is only executed at the start of the project.People may hide problems until they become difficult to manage.New risks may emerge as project activities complete.Need help? Review these concept resources.

Multiple Select QuestionSelect all that applyWhich are potential impacts given a project with risk responses but no contingency plan?Multiple select question.Incorrect actions taken.Panic.Delayed corrective action.Reduced costs through saved time.Need help? Review these concept resource

Multiple Select QuestionSelect all that applyWhich are appropriate methods for handling technical (project technology related issues) risk?Multiple select question.Purchase price protections.Testing and assessment methods.Back-up or alternate plans.Reducing project duration.

Multiple Select QuestionSelect all that applyWhat are key components of a contingency plan?Multiple select question.Developing a work breakdown structure for the contingency plan.Naming a person responsible to execute the plan.Defining the event that will initiate/trigger the plan into action.Cost estimates in the planning, not execution, phase.

Multiple Select QuestionSelect all that applyIdentify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan.Multiple select question.Contingency plans go into effect before a risk occurrence happens.Contingency plans go into effect after a risk occurrence happens.Risk response plans are initiated before the risk occurs.Risk response plans are initiated after the risk occurs.