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Question 259 - PRINCE2-7-Foundation discussion

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What should be implemented using a risk budget?

1. A request for change

2. A contingent plan

3. Actions to avoid a risk from occurring

4. Responses to dis-benefits

A.
1 and 2
Answers
A.
1 and 2
B.
2 and 3
Answers
B.
2 and 3
C.
3 and 4
Answers
C.
3 and 4
D.
1 and 4
Answers
D.
1 and 4
Suggested answer: B

Explanation:

A risk budget should be used to implement contingency plans (2) and actions to avoid a risk from occurring (3). This budget is set aside to fund specific actions that are part of the project's risk management strategy, enabling proactive and reactive responses to identified risks, ensuring the project remains on track despite uncertainties.

Reference: = PRINCE2 7 Foundation handbook and online resources

asked 23/09/2024
James DePhillip
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