Risk Management Professional Exam Prep

Risk Management - Question #4

Answer: A, B, C, E - Good risk management is not installing quick and easy risk management solutions despite what the software sales pitch says. Good software will typically just organize and track a diligent project manager's proactive thinking about risk.

Good risk management is comprised of the other 3 bullets above: analyzing, planning and monitoring project variables, increasing the possibility of good project outcomes, and decreasing the possibility of bad project outcomes.

Key Take Away: Experienced project managers know that preparing for the worse case scenarios, is good business practice, and is a must for all firms across all industry types.