Question

You have been assigned as the project manager for a new project that involves deployment of a new software application to all the organization's users. Your project team consists of nine members to date. Recently, you've started observing slippage on your project schedule due to resource constraints and youthink there is a possibility of not meeting the project timeline. Which of the following will help you take the necessary steps to address this scenario? Risk Management PlanProject Management Plan

Answer 1

Answer:

Risk Management

Explanation:

Risk management is a phenomenon which allows the person to identify the potential risk to a project and helps to analyze the situation before hand.

It provides necessary information to plan and take precautionary measures  to cater to the risk.

When an organization decides to invest in a project or an entity, it knows the risks involved in that agreement. Its basic duty to keep a margin for the risks and possible solutions to curb them.