The program sponsor returns from a board of directors meeting after identifying a significant risk to the program schedule. This may impact the program's benefits realization.
What should the program manager do next?
The program sponsor returns from a board of directors meeting after identifying a significant risk to the program schedule. This may impact the program's benefits realization.
What should the program manager do next?
If a significant risk to the program schedule is identified, the program manager should first document the risk and create a mitigation plan. This is a standard approach to risk management which ensures that the risk is formally acknowledged and a strategy is developed to address it. Documenting the risk and creating a mitigation plan are foundational steps to managing the risk effectively, ensuring that both the risk and the response plan are clear and actionable.
D is correct When a significant risk is identified, it is essential first to document the risk formally and then develop a mitigation plan to address it. This ensures that the risk is acknowledged and that there is a clear strategy in place to manage it. After the mitigation plan is created, it can be implemented as needed to address the risk and minimize its impact on the program's schedule and benefits realization.