Rekha is a project manager on a large construction project. Late in the project, her client demands a big change. She assesses the impact of the change and tells the client how much time and money it will cost. But the client says that he doesn’t have the time or budget to allow the change. What’s the BEST way for Rekha to handle this situation? A. Have her senior managers meet with the client to explain the situation B. Hold a meeting with the client to figure out why he’s asking for the change C. Do nothing; she’s the project manager, so she sets the rules D. Have the client find more money for the budget   You are conducting a status meeting and monitoring your risk register when you discover a risk that remains even after you implement all of your response strategies. What kind of risk is this and what should you do about it? A. It’s a secondary risk. You don’t need to worry about it. B. It’s a residual risk. You need to plan a response strategy for it. C. It’s a contingency reserve. You should only use it if the first risk occurs. D. It’s a residual risk. You don’t need to plan a response strategy for it because you’ve already implemented all of the risk responses you can plan for.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Rekha is a project manager on a large construction project. Late in the
project, her client demands a big change. She assesses the impact of the
change and tells the client how much time and money it will cost. But the
client says that he doesn’t have the time or budget to allow the change.
What’s the BEST way for Rekha to handle this situation?
A. Have her senior managers meet with the client to explain the situation
B. Hold a meeting with the client to figure out why he’s asking for the change
C. Do nothing; she’s the project manager, so she sets the rules
D. Have the client find more money for the budget

 

You are conducting a status meeting and monitoring your risk register
when you discover a risk that remains even after you implement all of your
response strategies. What kind of risk is this and what should you do about
it?
A. It’s a secondary risk. You don’t need to worry about it.
B. It’s a residual risk. You need to plan a response strategy for it.
C. It’s a contingency reserve. You should only use it if the first risk occurs.
D. It’s a residual risk. You don’t need to plan a response strategy for it because you’ve
already implemented all of the risk responses you can plan for.

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