Crucial Exams

Project Management Professional Practice Question

You are the project manager for a new bridge construction project facing numerous environmental and regulatory factors that could significantly impact the schedule and budget. What is your FIRST step in planning the risk management activities to address these potential impacts?

  • Define the risk management context specific to the project, including environmental and regulatory factors, and stakeholder risk appetite.

  • Focus on risks that have occurred in past bridge construction projects to streamline the planning process.

  • Start identifying potential risks and immediately implement a standard set of risk responses based on past projects.

  • Wait and observe if the risks materialize, then develop risk management strategies to address them.

Project Management Professional
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