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 Proximity heading?
Proximity refers to the timeframe within which risks are expected to occur. Statement A is correct as it establishes the categories of proximity: Imminent, Within the stage, Within the project, and Beyond the project. This is essential for classifying the timing of risks. Statement C is also correct as it provides a clear definition of what constitutes an imminent risk, specifying that such risks may occur within two weeks, which is crucial for immediate risk assessment and management.
A - This provides guidance on how proximity for risk events is to be assessed. Typical proximity categories will be imminent, within the stage, within the project, beyond the project. Ref. A.24.2. C - This is an acceptable definition for what is meant by an imminent proximity risk. Ref. A.24.2.
Correct Answer : A & C
Statement A is correct because it defines the four categories of proximity that can be used to categorize risks in the project. Statement C is also correct because it defines imminent risks as those that may occur within two weeks. Statements B, D, and E are incorrect because they are not relevant or accurate in the given scenario. Statement B - there is no information in the scenario to support this statement. Statement D - the impact of a risk will depend on its specific characteristics. Statement E - this risk could occur during the project and would therefore be categorized as within the project
Under the “Proximity” heading, the two statements that should be recorded are: Statement A: Proximity categories for this project are: Imminent; Within the stage; Within the project; Beyond the project. This statement defines the categories of proximity for this project, which is crucial for understanding when a risk might impact the project. Statement C: Imminent risks are those which may occur within two weeks. This statement provides a specific time frame for when risks categorized as “imminent” are expected to occur, which can help in prioritizing risk response strategies.
Statement E does indeed categorize a specific risk, which is related to the proximity. However, the question asks for two statements to be recorded under the “Proximity” heading.