The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Roles and responsibilities heading?
The correct statements to be recorded under the Roles and responsibilities heading are: Each risk will be assigned a risk owner, and Project Assurance will ensure that project risks are identified, assessed, and controlled according to the agreed risk management procedure. These statements directly pertain to the assignment of responsibilities within the context of risk management in the project. Assigning a risk owner specifies who is responsible for managing each risk, and Project Assurance ensures proper oversight and adherence to the risk management process, which are both critical roles and responsibilities.
B is not a correct answer. It is not related to Roles and Responsibilities
no idea why "B" is correct as I would assign this to "manage by exception" principle not roles & resp.
C & D seem to be the correct ones. A, B and E are related to the risk management processes.
Based on https://prince2.wiki/management-products/risk-management-approach, I think it is C & D. B seems to go under Risk Tolerance (Appendix A.24 - Risk tolerance: defines thresholds which when exceeded require risk to be escalated to next level of mgt)
Correct answer is C&D
. Risk tolerances are allocated to each stage by the Project Manager - WRONG as stage level tolerances are set by Project Board
The two best answers for the "Roles and responsibilities" heading, considering the specific context of risk management, would be: A. Each risk will be assigned a risk owner. D. Project Assurance will ensure that project risks are identified, assessed, and controlled according to the agreed risk management procedure. These statements directly pertain to the assignment of responsibilities in the context of risk management within the project.
A & D are most suitable answers. A. Each risk will be assigned a risk owner. D. Project Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure. B incorrect as project risk tolerance should be reported to corporate. C incorrect as stage tolerance is set by project Board. E this is additional help and not from project management team roles & responsibilities.