Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines?
A.
New or omitted work as part of a risk response can cause changes to the cost and/or schedule base line.
B.
Baselines should not be updated, but refined through versions.
C.
Risk responses may take time and money to implement.
D.
Risk responses protect the time and investment of the project.
Explanation:
When risk responses create or omit work for the project scope it can cause changes to the cost and schedule of the project. These changes should be reflected in the time and cost baselines.
Answer option B is incorrect. Baselines can be updated to reflect the changes within the project work.
Answer option C is incorrect. Risk response can take time and money to implement, but the best answer is to update the baselines based on changes within the project.
Answer option D is incorrect. Risk responses aim to protect the project objectives, but this is not the best answer for the question as not all risk responses will cause a change to the project’s baseline.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"