Practice Quiz

Business Continuity Professional Exam Prep

Category - Risk Evaluation & Control

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A team member identifies a risk which is not listed in risk register. If the risk materializes, then the project will be delayed by 6 months. What should the PMO do in this situation?
  1. Immediately inform customer
  2. Find out how the team member identified the risk, as all of them were identified during project planning
  3. Prepare a risk mitigation plan
  4. Analyze the risk
  5. File a change control request
Explanation
Answer. D - Analyze the risk before deciding what to do. The actions required to mitigate a problem are done after analysis of the risk is done. Whenever a new risk is identified, the first and foremost action should be to analysis the probability of risk materializing, impact of the risk and factors associated with the same.

Key takeaway: New risks should be identified all the time. A good BCP reacts calmly and analytically. First gather all the relevant information, and then analyze and choose the appropriate course of action.
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