The best approach to manage a risk with a high probability of occurring is:
A. Assign a qualified team member to be the risk manager for the project.
Explanation:
For a risk with a high probability of occurrence, the project manager must actively manage it by assigning responsibility to someone who can monitor and mitigate the risk. This person, often called a risk owner, ensures that specific actions are taken to address the risk. They also continuously monitor the risk and adjust strategies as needed to minimize its impact.
C. Submit a change request to transfer the risk to a third party in case it becomes an issue.
transferring the risk to a third party, such as an insurance provider or a contractor, can reduce the impact on the project. This approach can be especially relevant for risks that are likely to happen and could severely affect the project.
D. Ask the team to monitor the risk and provide an alert if it becomes an issue- Monitoring is important, but with a high-probability risk, it’s better to take proactive steps to manage it rather than just wait for it to occur.
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