Multiple Select QuestionSelect all that applyWhich are potential impacts given a project with risk responses but no contingency plan?Multiple select question.Delayed corrective action.Panic.Reduced costs through saved time.Incorrect actions taken.
Question
Multiple Select QuestionSelect all that applyWhich are potential impacts given a project with risk responses but no contingency plan?Multiple select question.Delayed corrective action.Panic.Reduced costs through saved time.Incorrect actions taken.
Solution
The potential impacts given a project with risk responses but no contingency plan could be:
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Delayed corrective action: Without a contingency plan, the project team may not have a pre-determined course of action to take when a risk occurs. This could lead to delays in implementing corrective actions.
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Panic: In the absence of a contingency plan, team members may panic when a risk occurs because they do not know what to do. This could lead to further problems and delays.
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Incorrect actions taken: Without a contingency plan, team members may take actions that they think are correct but may actually exacerbate the problem. This could lead to further delays and increased costs.
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Reduced costs through saved time: This is unlikely to be a potential impact. Without a contingency plan, it is more likely that the project will experience delays and increased costs due to the reasons mentioned above.
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