ITPEC IP April 2021 Question 54
ITPEC IP April 2021 — Question 54 of 100
Analyzing the previous delay and adding preventive measures to the plan mitigates the new delay risk. Mitigation reduces the probability or impact while the subcontracting activity remains in the project. Learning from root causes can improve milestones, monitoring, staffing, or coordination.
Answer (a)
Why not others:
- cancelling the subcontract avoids the risk
- contractual compensation transfers financial consequences to Company A
- budgeting response costs accepts the risk and prepares a contingency reserve
Key rule: Mitigation keeps the risky activity but takes advance action to reduce likelihood or impact.
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