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Question 6/127

A new project to develop a custom software solution for a high-profile client is being initiated. The project sponsor emphasizes the importance of delivering the solution on time and within budget, as this project could lead to significant future opportunities. The risk manager recognizes that the team lacks a standardized approach to managing risks and that some team members are unfamiliar with risk management practices.
What should the risk manager do?

A. Ask the sponsor to define the risk strategy to align with client needs.

B. Develop a framework and engage the team in creating a risk plan.

C. Train the team on basic techniques and defer the risk strategy for later.

D. Concentrate on high-priority risks to meet the sponsor ' s expectations.

Correct Answer: B

Establishing a risk management framework and involving the team in developing the risk plan creates ownership and builds risk management capability. PMBOK Guide states:
" A risk management plan should be developed early in the project and should involve the project team to ensure buy-in and effective implementation. "
- PMBOK Guide, 6th Edition, Section 11.1
References:
PMBOK Guide, 6th Edition, Section 11.1

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