Which of the following statements best defines what a contingency response is?

You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?

Question:

Which of the following statements best defines what a contingency response is?

Options:

Some responses are designed for use only if certain events occur.

Some responses have a cost and a time factor to consider for each risk event.

Some responses must counteract pending risk events.

Quantified risks should always have contingency responses.

Correct Answer

The Correct Answer for this Question is

Some responses are designed for use only if certain events occur.

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