How does a project manager typically deal with high-risk areas during the project?

Prepare for the WGU MGMT3400 C722 Project Management Exam with comprehensive flashcards and multiple-choice questions. Each question includes hints and detailed explanations to boost your readiness for success!

A project manager typically deals with high-risk areas by closely monitoring them and creating mitigation strategies. This approach is crucial because high-risk areas can significantly impact the project's success. By monitoring these risks, the project manager can keep a close watch on any changes that could affect the project's trajectory.

Creating mitigation strategies allows the project manager to prepare responses for potential risks. This proactive measure includes developing contingency plans that outline steps to take should a risk materialize. For instance, if a critical supplier faces delays, the project manager may identify alternative suppliers ahead of time or adjust the project timeline to accommodate the risk.

Addressing risks in this manner reflects a balanced approach to project management where risks are not simply ignored or minimized to the point of elimination. Such strategies ensure that the project remains on track and objectives can still be achieved even when faced with uncertainties.

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