Master Project Management Foundations 2025 – Ace the Exam and Lead with Confidence!

Question: 1 / 400

In her risk management plan, what key item should Chloe document to receive early warnings of a risk?

The financial impact of the risk

The events that might trigger the risk

Documenting the events that might trigger the risk is essential for receiving early warnings because it allows the project team to monitor for specific signs that a risk may be about to occur. By identifying trigger events, Chloe can set up monitoring systems or responses that activate once those triggers are observed. This proactive approach enables the team to implement mitigation strategies before the risk materializes, thus reducing potential negative impacts on the project.

While understanding the financial impact, likelihood, and duration of a risk are important aspects of a comprehensive risk management strategy, they do not provide the same immediate actionable insights as identifying triggers. Triggers guide the team's attention to real-time indicators, allowing for timely intervention and better overall risk management.

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The likelihood of the risk occurring

The duration of the risk

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