You are the project manager of GHT project. You identified a risk of noncompliance with
regulations due to missing of a number of relatively simple procedures.
The response requires creating the missing procedures and implementing them. In which of the
following risk response prioritization should this case be categorized?
A.
Business case to be made
B.
Quick win
C.
Risk avoidance
D.
Deferrals
Explanation:
This is categorized as a “quick win” because the allocation of existing resources or a minor
resource investment provides measurable benefits. Quick win is very effective and efficient
response that addresses medium to high risk.
Answer A is incorrect. “Business case to be made” requires careful analysis and management
decisions on investments that are more expensive or difficult risk responses to medium to high
risk. Here in this scenario, there is only minor investment that is why, it is not “business case to be
made”.
Answer D is incorrect. Deferral addresses costly risk response to a low risk, and hence in this
specified scenario it is not used.
Answer C is incorrect. Risk avoidance is a type of risk response and not risk response
prioritization option.