Secondary Risks

Correct Answer: Secondary risks

Secondary risks are the correct answer. These are the risks that arise as a direct result of implementing risk responses. Residual risks are risks that remain after implementing risk responses, but they are not a direct result of implementing the risk responses themselves. Risks identified during the risk identification process are not necessarily a result of implementing risk responses. They are risks that have been identified in general. Risks with low probability but high impact are also not a direct result of implementing risk responses. They are a type of risk that may be identified during risk analysis, but they do not arise from implementing risk responses.

Correct Answer: Secondary risks are risks that arise as a result of implementing risk responses to primary risks

The correct answer is that secondary risks are risks that arise as a result of implementing risk responses to primary risks. This statement accurately describes the concept of secondary risks in project management. When a project team identifies primary risks and develops risk response strategies, the implementation of those strategies may inadvertently create new risks, known as secondary risks. The other answer options are incorrect because: - Secondary risks are not merely lower priority risks that can be addressed later in the project lifecycle. They are a distinct category of risks that emerge from the implementation of risk responses. - Secondary risks are not identified during the initial risk assessment process. They arise later, as a consequence of implementing risk responses. - While secondary risks may have an indirect impact on project objectives, this is not the defining characteristic. The key aspect is that they are triggered by the implementation of risk responses to primary risks.

Correct Answer: Evaluating the potential impact of risk responses on project objectives

The key consideration when managing secondary risks in a project is evaluating the potential impact of risk responses on project objectives. Risk responses themselves can introduce new risks or have unintended consequences that affect the project's objectives. It is essential to assess these potential side effects to ensure that the risk response strategies do not inadvertently create more problems than they solve. Focusing solely on primary risks and their consequences overlooks the importance of secondary risks arising from risk responses. Implementing risk responses assessing potential side effects can lead to unforeseen issues that jeopardize project success. Prioritizing secondary risks over primary risks during risk management planning fails to address the root causes of project risks adequately.