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 Timing of risk management activities heading?
When closing a project, follow-on action recommendations should be updated with any risks relating to the realization of benefits after the outsourced services go live, ensuring that risk management activities continue beyond project closure. When authorizing a stage, it is important for the Project Board to check that the exposure to risk is still acceptable, as this is a critical part of managing risks at key decision points during the project lifecycle.
I replied C and D
B does not seem to be a correct answer. It does not relate to Risks. C is a better fit for Timing of risk management activities
Only C & E are correct and related to the "Timing of risk management activities". A is incorrect as Stage 4 is still far. B is unrelated to risk management and related to project progress. D is incorrect as TM should raise an issue to immediately report an risk to PM.
The two statements that should be recorded under the "Timing of risk management activities" heading are: C. When closing a project, the follow-on action recommendations should be updated with any risks relating to the realization of benefits after the outsourced services go live. E. When authorizing a stage, the Project Board will check that the exposure to risk is still acceptable. These statements address the timing of risk management activities in relation to the project's closure and the authorization of project stages, which are important aspects of managing risks throughout the project lifecycle
The Project Board should hold monthly meetings to review project progress. -- a very generic approach
D is about reporting
C & D are correct Answers