Question 1
Q1A project is initiated to migrate a legacy on-premises CRM system to a new cloud-based platform. During the planning phase, the project manager identifies that the lead data migration specialist has accepted a job at another company and will be leaving in two weeks. This specialist has unique knowledge of the legacy system's data structures. What is the MOST appropriate initial risk response strategy?
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Correct answer: C
The most appropriate initial response is mitigation. This strategy aims to reduce the probability or impact of the risk. By conducting an intensive knowledge transfer, the project team can capture the specialist's unique knowledge before they depart, thereby reducing the impact of their absence. Transferring the risk is a valid but more drastic and costly initial step. Accepting the risk is too passive given its high potential impact. Avoiding the risk by cancelling the migration is not a viable business option.