Question 4 of 100Question ID:651340A multiyear construction project is scheduled to purchase tons of steel over the course of the project. After the first year, a large tariff was unexpectedly placed on imported steel, sending prices up. The risk response plan is being implemented with little success. It is deemed that the procurement agreement needs to be revised to an FP-EPA contract.What would be the most likely resulting output of implementing the risk response?

RISK MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	AControl procurements
B	BChange request
C	CCost variance
D	DRisk avoidance

Explanation:

Detailed explanation-1: -A standard review process will consist of three phases: Initiation, Research, and Report. Two standard reviews are planned for each project. A special review maybe held if the project is non-compliant or at the request of a stakeholder.

Detailed explanation-2: -Once you learn that the project has been approved, it moves into the planning phase. Now that the scope has been established, you divide the project into a series of tasks and small milestones that are achievable within the specified time frame.

Detailed explanation-3: -Think of your plan as a roadmap for stakeholders. Break the project into a list of deliverables. Talk to your team. Identify risks. Create a budget. Add milestones. Set progress reporting guidelines.

There is 1 question to complete.

SOFTWARE ENGINEERING

SOFTWARE PROJECT MANAGEMENT

RISK MANAGEMENT