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Guide to Fallback Planning as per PMBOK Guide Seventh Edition

Fallback Plan, as defined by the PMBOK Guide Seventh Edition, is a management plan with actions and strategies to be enacted if the original plan does not achieve its targeted result.

Importance: Fallback planning is integral to project risk analysis as it serves as insurance for projects. By preparing for potential issues beforehand, project managers can promptly address and mitigate challenges, preventing costly delays or project failure. It enhances the control and confidence of the project team and stakeholders.

Working: Fallback plans are developed by identifying potential risks, their impacts, and determining appropriate actions to recover from those impacts.

Answering Questions: When answering questions on the Fallback Plan in an exam, be sure to demonstrate an understanding of risk identification, analysis, and the development of contingency measures. Relate it to real-life scenarios, stressing the importance of agility in project management.

Exam Tips: When addressing questions on Fallback Plans, remember:

  • Always link fallback plans to risk management strategies.
  • Clearly understand the difference between primary and fallback plans.
  • In a scenario-based question, identify the risks first then propose the fallback plan.

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Fallback Plan practice test

A Fallback Plan is a risk management technique that outlines alternative actions to be taken if the primary risk response plan does not provide the desired results or mitigates a risk. Fallback Plans are contingencies designed to address uncertainties and ensure project continuity in the face of unexpected events. This includes keeping additional resources, time, and budget for potential risks. In essence, a Fallback Plan is a backup plan that complements the primary risk response plan, providing an added layer of security and helping minimize the negative impact of risks on the project.

Time: 5 minutes   Questions: 5

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Project Management Professional Preparation Package (2024)

  • Earn 35 PDUs needed for your PMP certification
  • 12955 Superior-grade Project Management Professional practice questions.
  • Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
  • Unlock Effortless PMP preparation: 5 full exams.
  • 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
  • Bonus: If you upgrade now you get upgraded access to all courses
  • Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!