HKSM

Executing the risk response actions that were previously approved, putting the agreed plans into operation.

Key Points

• Carries out predefined responses by assigned risk owners when triggers or conditions occur.
• Coordinates resources and integrates actions into the schedule and budget; raises change requests if new work is required.
• Updates the risk register with results, residual exposure, and any secondary risks created by the response.
• Communicates status to stakeholders and works closely with Monitor Risks to verify effectiveness.

Example

A project team anticipates supplier delays. The approved plan says that if a prototype delivery is late, the team will use a qualified backup supplier and expedite shipping. When the prototype misses its date, the risk owner places the order with the backup, requests expedited delivery, updates the risk register with outcomes and costs, and informs stakeholders. These actions are part of implementing risk responses.

PMP Example Question

A risk trigger is observed for a potential parts shortage. The risk owner initiates the preapproved contingency to switch to an alternate supplier and expedite delivery. Which process is being performed?

1. Plan Risk Responses
2. Implement Risk Responses
3. Monitor Risks
4. Perform Integrated Change Control

Correct Answer: B — Implement Risk Responses

Explanation: The team is carrying out preapproved risk response actions, which is the purpose of Implement Risk Responses. Monitoring would track indicators and effectiveness, not execute the actions.