QuestionQ216

VerifiedRisk Management

Walter is the project manager for a large construction project. He will work with several vendors on the project. Vendors will supply materials and labor for several portions of the project. Because some work on the project is very dangerous, Walter has implemented safety requirements for every vendor and for his own project team. Project stakeholders have introduced new requirements, creating new project risks. A vendor has identified a new risk that could affect the project if it occurs. Walter agrees with the vendor, has updated the risk register, and has created potential risk responses to mitigate the risk. What should Walter also update in this situation, considering the risk event?

Explanation

Planning responses to a project risk can change planned work, schedules, costs, resources, quality activities, procurement activities, or baselines. Those impacts require updates to the project management plan and, as applicable, its component plans and baselines. PMI’s Plan Risk Responses data flow identifies project management plan updates as an output.

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