Scenario
A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the requirements of the project. A contract for their services has been set up and is being monitored by the Purchasing Manager and a Work Package has been agreed. This contract specifies that the photographer must arrange a meeting with the Engineering Manager to establish a schedule for the photo sessions to minimize the impact on the Engineering staff. This meeting should have occurred by now.
The Engineering Manager was made aware of this requirement but when asked he reported that he has received no communication from the photographer. The Project Manager has tried to call the photographer and has had no response. The Project Manager believes there is a risk that Portraits Ltd are overbooking work and prioritizing other clients' work. If Portraits ltd do not deliver on schedule the project will be delayed and the expected benefits will be reduced.
Which 2 statements should be recorded under the Risk management procedure heading?
Select all that apply, then click Submit answer.
-
○
When a new problem arises, a full impact analysis will be undertaken to assess the impact on the project' objectives and Business Case.
-
○
Probability will be assessed against the scales defined in this Risk Management Strategy.
-
○
Any risk which has an expected value of more than £1 k will NOT be registered.
-
○
Every threat and opportunity identified must be clearly defined in terms of cause, event and effect.
-
○
'Reduce' Response actions which result in a lower impact and/or probability rating.

