Question

In determining relevant risk and formulating proactive strategies for their mitigation, the project team can pay a little in terms of extra time and cost initially, or it must be prepared to...

A) Accept the risks without any mitigation
B) Increase project scope
C) Allocate additional resources
D) Postpone the project deadline

Answer 1

The project team can pay a little in terms of extra time and cost initially in order to mitigate relevant risks and formulate proactive strategies. The options available to the project team include accepting the risks without any mitigation, increasing the project scope, allocating additional resources, or postponing the project deadline.

Step-by-step explanation:

The project team can pay a little in terms of extra time and cost initially in order to mitigate relevant risks and formulate proactive strategies. This means taking action to address potential risks instead of ignoring them. The options available to the project team include:

Accepting the risks without any mitigation

1. Increasing the project scope
2. Allocating additional resources
3. Postponing the project deadline

By implementing these strategies, the project team can minimize the impact of risks and increase the chances of successful project completion.