PMI-RMP Certification Training - Case Study 6

Megan, a project manager in healthcare, has developed a risk management plan and a detailed risk register. However, many risks have turned into issues, possibly due to infrequent risk review meetings and lack of urgency assessment. Regular risk review meetings are crucial, and risk responses must be implemented effectively. Each risk should have an owner accountable for managing it.

What surprised the Project Steering Committee during the project review?

• The budget was exceeded.

• The project was ahead of schedule.

• Many identified risks had become issues.

• The team size had increased.

What is a common mistake in risk management highlighted in the video?

• Not having a risk register.

• Not conducting periodic risk review meetings.

• Conducting risk review meetings too frequently.

• Ignoring the project budget.

Why is assessing the urgency of risks important?

• It determines the time sensitivity of a risk.

• It helps in scheduling team meetings.

• It increases the project duration.

• It reduces the project cost.

What might be missing if risk responses are not being implemented?

• A detailed risk register.

• A plan for risk responses.

• A project timeline.

• A project budget.

What should be done to ensure accountability in risk management?

• Assign a risk owner for each risk.

• Increase the project budget.

• Hire more team members.

• Reduce the project scope.