Which of the following is correct statement? ed 3.00 ion Select one: A. A risk r

Question

Which of the following is correct statement? ed 3.00 ion Select one: A. A risk response is established only for moderate risks while contingency plans are established for major risks. O B. A risk response is part of the actual implementation plan and action is takern before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired. C. A risk response is only effective when you are able to assess the likelihood of the risk and its impact on the project, all other risks are covered by contingency ing D. A nisk response is created by the project team and the project manager while the project manager and the customer agree on the contingency plan E. A risk response is action that is the response to a risk once it has happened and the contingency pian is created by the customer if the risk response fails.

Explanation / Answer

Ans B) A risk response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired.

A risk response is the actual implementation and includes all the actions before risk gets materialize while a contingency plan comes into picture only after risk has been revealed

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