Project Management Professional (PMP) Exam Practice – Question1605

Contingency planning involves______________


A.
Defining the steps to be taken if an identified risk event should occur
B. Establishing a management reserve to cover unplanned expenditures
C. Preparing a stand-alone document that is separate from the overall project plan
D. Determining needed adjustments to make during the implementation phase of a project

Correct Answer: A

Explanation:

Explanation:
For some risks it is appropriate for the project team to make a response plan that will be executed only under certain predefined conditions if it is believed that there will be sufficient warning to implement the plan.