Certified Governance Risk and Compliance (CGRC) Practice Exam 2026 – All-in-One Guide to Master Your Certification!

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What approach can a project manager take to create a bias against risks affecting the project schedule?

Pad the team's time estimates

Create an overall project rating scheme

Creating a bias against risks that affect the project schedule involves a proactive approach to identifying and addressing potential challenges. Using an overall project rating scheme is a strategic way to evaluate the magnitude of various risks and prioritize them based on their potential impact on the project's schedule. This method facilitates a comprehensive assessment of the risks, enabling the project manager to decide which risks require immediate attention and which could be monitored over time.

Implementing a rating scheme allows the team to quantify risks and their potential influence on the timeline. By systematically categorizing the risks, the project manager gains visibility into how different factors may jeopardize timely project delivery. The rated risks can then be targeted for mitigation strategies or additional resource allocation, helping to minimize potential disruptions to the schedule.

In contrast, padding the team's time estimates may not accurately address the risk itself and could lead to complacency. Filtering risks based only on their effect on the schedule could overlook interconnected risks affecting other project aspects. Shifting risk-laden activities from the critical path may provide a temporary solution, but it does not eliminate the underlying risks or their potential consequences on overall project success. Thus, the overall project rating scheme stands out as a comprehensive approach to establishing a bias against schedule-related risks.

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Filter risks based on their effect on schedule

Shift risk-laden activities from the critical path

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