AA1010: Certified Cost Professional (CCP) Review Course
AA1010: Certified Cost Professional (CCP) Review Course
Risk Management Question
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Ashutosh Maurya, PMP, CCP, PSP
This is a tricky question. Let us solve by an elimination process. ‘A. Corrective action’ is a Quality Management process, so not right choice. ‘B...This is a tricky question. Let us solve by an elimination process. ‘A. Corrective action’ is a Quality Management process, so not right choice. ‘B. Risk management plan’ tells about how the Risk shall be managed in the project. It is not an approach. ‘C. Workaround’ is performed to mitigate the Risk when the Risk event occurs.
Now choice D. When we identify a Risk we follow two approaches - 1. Avoid it - don’t engage in such business. 2. Accept it and then work on Risk response development. So, D is the most appropriate choice.
Show more 6 years ago
Now choice D. When we identify a Risk we follow two approaches - 1. Avoid it - don’t engage in such business. 2. Accept it and then work on Risk response development. So, D is the most appropriate choice.
Show more 6 years ago




Risk response development will use which of the following approaches?
A. Corrective action
B. Risk management plan
C. Workarounds
D. Acceptance