Which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?

Correct Answer for the Question – Which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?┬áis given below

Walter is the project manager of a large construction project. He will be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous, so Walter has implemented safety requirements for all of the vendors and his own project team. Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?Answer option A is correct.When new risks are identified as part of the scope additions, Walter should update the risk register and the project management plan to reflect the responses to the risk event.Answer option C is incorrect. The project scope statement is changed as part of the scope approval that has already happened.Answer option B is incorrect. The contractual relationship will not change with the vendor as far as project risks are concerned.Answer option D is incorrect. The project communications management plan may be updated if there is a communication need, but the question-is asked about changes related to the risk event, not the communication of the risks. Chapter: Quality and Risk ManagementObjective: Risk Modeling and Response

Project management plan

Project contractual relationship with the vendor

Project scope statement

Project communications plan

Correct Answer

The Correct Answer for this Question is

Project management plan

Explanation

The Question – Which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event? has been answered correctly and answers for the question is Project management plan

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