Question
What risk response? 1.A PM of a construction company uncovered a risk that, if it were to occur, could shorten the length of the project
What risk response?
1.A PM of a construction company uncovered a risk that, if it were to occur, could shorten the length of the project by 2 months. This would mean a savings of $75,000. All of the stakeholders agreed that everything within reason should be done to make sure that this risk happens. What risk response strategy is the PM most likely to use?
2.A contractor knows that the project will be completed in two months. However, to be able to start a new project that is due to start next month, it accelerates to complete the project earlier and commence the second project in a timely manner potentially freeing up several resources in the process.
3.A contractor knows that the project will be completed in two months. However, to be able to start a new project that is due to start next month, it accelerates to complete the project earlier and commence the second project in a timely manner potentially freeing up several resources in the process.
4.We have all experienced or seen, recent examples of the shift to working from home to prevent employees from contracting COVID-19. Most organizations decided to ________________the risk of their employees getting sick. Other examples of this option can include halting the production of a particular product, selling a division of the company, or deciding against an expansion. Please fill in the blank with the appropriate risk response...
5.During preparation on the construction site, the contractor installs additional temporary lighting, signs, and handrails to decrease the probability of injuries onsite. The contractor is using this risk response strategy...
6.Due to the lack of some technical capability, a vendor is not able to bid for a project alone; therefore, it teams up with another firm that is capable, and they bid for the project together in a new strength position.
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