A project schedule risk has turned into an issue. The project manager foresees delays in project execution. What should the project manager do to resolve the issue?
A.
Escalate the issue to senior leadership for resolution
B.
Work with relevant stakeholders to determine possible solutions
C.
Update the schedule baseline to the new project time line
D.
Update the risk management plan and send it to the project team
B
Not D becausePurpose:
The primary goal of a risk management plan is to proactively address potential problems or uncertainties that could impact a project's success or an organization's operations.
Key Elements:
Risk Identification: Identifying potential risks, both positive and negative, that could affect the project or organization.
Risk Assessment: Evaluating the likelihood and potential impact of each identified risk.
Risk Response Planning: Developing strategies to address the identified risks, including mitigation, avoidance, transfer, or acceptance.
Risk Monitoring and Control: Continuously monitoring the risks and implementing controls to ensure the effectiveness of the risk management plan.
B. it is too late to update the risk management plan as the project has run into an issue. when a risk becomes an issue, the first step should be to work out possible solutions.
D is absolutely wrong since it is no longer be a risk but an issue, so you cannot log it into risk management plan (also you can log risk into risk register, not risk management plan), so B
Its was Risk hence there should be a response plan already, which must have discussed with stakeholders for response , but seem it did not work and turn in to issue . So this needs to be escalated to next level
I go with A
U should communicate the identified risk with the relevant stakeholder and apply the risk risponse
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