A project manager was informed that the testing of the latest component in the project’s software update release was not successful. As a result, the delivery timelines for the software release will be delayed. The project manager did not previously capture this as a risk to the project.
What should the project manager do next to avoid similar risks?
When a risk event occurs that was not previously identified, it is essential to reassess risks with a new assumptions and constraints analysis. This approach allows the project manager to review the project's assumptions, constraints, and dependencies, and to identify any new or emerging risks that may impact the project. By doing this, the project manager can develop appropriate response strategies to mitigate or reduce the impact of those risks, ensuring that similar risks are avoided in the future.
The best answer would be C, reassess risks with a new assumptions and constraints analysis. When a risk event occurs that was not previously identified, it is important for the project manager to review the project's risk management plan and identify any potential gaps or weaknesses in the risk identification process. One way to do this is to perform a new assumptions and constraints analysis to identify any potential risks that may have been overlooked or underestimated. This can involve reviewing the project's assumptions, constraints, and dependencies, as well as examining any changes that may have occurred since the initial risk assessment was conducted. By performing a new assumptions and constraints analysis, the project manager can identify any new or emerging risks that may impact the project, and can develop appropriate response strategies to mitigate or reduce the impact of those risks. This can help to ensure that the project is able to effectively manage risks throughout the project lifecycle and avoid similar risks in the future.
You have an issue, you update the issue log and review the PMP (lessons learned, RMP, assumtions...) Then, you reassess risks with a new perspective.