The company board is concerned about potential legal action from a high-risk project. What technique can be
used to justify risk response decisions taken on this project?
At the completion of a small project, the risk manager performs a risk audit and finds that several identified
risks had occurred, and the impact was significantly larger than expected. While the project remained on
schedule, the project budget increased by 50%. The project met all risk response milestones and no additional,
previously unidentified risks, occurred on the project.
Based on this information, what risk management process improvement should the risk manager recommend
for future similar projects?
Adrian is a project manager for a new project using a technology that has recently been released and there's
relatively little information about the technology. Initial testing of the technology makes the use of it look
promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to
consider the technology factors a risk for her project. Where should she document the risks associated with this
technology so she can track the risk status and responses?
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically
reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of
reviewing the contingency reserve?
When analyzing the reward system in a company, there is evidence that “fire-fighter behavior” is the highest
rewarded behavior. It suggests that people are dealing with major problems primarily in an emergency mode,
and deploying quickly. Secondly, those who work efficiently are getting the most attention and recognition for
their efforts.
What impact does this observation potentially have on the risk management process?