CAPM Practice Exam 2025 – All-in-One Guide to Master Your Certified Associate in Project Management Exam!

Question: 1 / 885

What is a contingency plan?

A detailed step-by-step plan for the entire project

A response to a risk that might happen

A backup plan if the project fails

A response to a risk event that will be implemented only if the risk event occurs

A contingency plan is a specific response prepared to address a risk event if it materializes during the project. It is not a detailed step-by-step plan for the entire project (choice A), as it is focused on managing specific risks. Additionally, while a contingency plan can help manage project risks, it is not an overall backup plan in case the entire project fails (choice C). The correct answer, option D, accurately describes a contingency plan as a response that will be implemented only if the risk event actually occurs, making it an important component of risk management within a project.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy