QuestionA supplier for a regulatory project is responsible for making the component changes. The supplier is unlikely to meet the project schedule. Based on the risk response plan, the project manager secured stakeholder approval to use paper forms until the component changes go live. It is still possible, however, that the paper form changes may not be ready in time.Which risk type is the project manager facing in this situation?A.Secondary riskB.Residual riskC.Primary riskD.Compliance risk
Question
QuestionA supplier for a regulatory project is responsible for making the component changes. The supplier is unlikely to meet the project schedule. Based on the risk response plan, the project manager secured stakeholder approval to use paper forms until the component changes go live. It is still possible, however, that the paper form changes may not be ready in time.Which risk type is the project manager facing in this situation?A.Secondary riskB.Residual riskC.Primary riskD.Compliance risk
Solution
The project manager is facing a Secondary risk. This is because the primary risk was the supplier not meeting the project schedule for the component changes. The project manager then implemented a risk response plan, which introduced a new risk - the possibility that the paper form changes may not be ready in time. This new risk that arose as a result of dealing with the original risk is known as a secondary risk.
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