Learn about the ‘Implement’ step in the PRINCE2 risk management procedure. Discover the correct answer and gain a thorough understanding of this crucial step in effectively managing project risks.
Table of Contents
Question
Which statement describes the ‘Implement’ step within the recommended risk management procedure?
A. Take planned action to respond to a risk
B. Implement the responsibilities for risks defined in the Risk Management Strategy
C. Assess the proximity of a risk
D. Identify the level of risks that can be tolerated by the project
Answer
A. Take planned action to respond to a risk
Explanation
The ‘Implement’ step within the recommended risk management procedure in PRINCE2 involves taking the planned action to respond to an identified risk. This step is carried out after risks have been assessed, prioritized, and appropriate response plans have been developed.
During the ‘Implement’ step, the project team executes the pre-defined risk response strategies to mitigate threats or capitalize on opportunities. These actions may include implementing contingency plans, adjusting project plans, allocating additional resources, or modifying project scope, depending on the nature of the risk and the chosen response approach.
By taking timely and proactive measures to address risks, the project team can minimize the potential impact of threats and maximize the benefits of opportunities, ultimately contributing to the successful delivery of the project objectives.
PRINCE2 Foundation certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the PRINCE2 Foundation exam and earn PRINCE2 Foundation certification.