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A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register. How should the risk manager improve collaboration during risk planning?
The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk. What should the team perform in this scenario?
A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager performing in this situation?
An organization faces immense competition in the market and decides to accelerate a key project. What is the first action for the project risk manager to take?
A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects. What should the project manager do in this situation?
During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk. What should the risk manager do first?
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The risk manager for an IT project developing a software application has a major stakeholder concerned that the project will not conclude within the available funding. The risk manager found delays in the iterations and increments in the project's budget, potentially increasing the duration by two weeks. What tools should the risk manager use to properly decide the risk of not finishing the project within the budget?
A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution. Which three actions should the risk manager take to ensure the risk management plan remains effective during the project timeframe? (Choose 3)

Question 148 - PMI-RMP discussion

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In a large mobile network deployment project, there is delay risk due to insufficient staffing. The risk manager is considering executing a response plan, which involves allowing staff members to work overtime. However, this action may lead to excessive additional cost.

What should the risk manager do?

A.

Document the concern over the potential excessive additional cost.

Answers
A.

Document the concern over the potential excessive additional cost.

B.

Manage the potential excessive additional cost as a new risk.

Answers
B.

Manage the potential excessive additional cost as a new risk.

C.

Ensure the project sponsor has the risk appetite for the residual risk created by allowing overtime.

Answers
C.

Ensure the project sponsor has the risk appetite for the residual risk created by allowing overtime.

D.

Prepare a detailed response plan for the residual risk with a clear owner and time line to ensure there are no impacts to the project.

Answers
D.

Prepare a detailed response plan for the residual risk with a clear owner and time line to ensure there are no impacts to the project.

Suggested answer: B
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asked 14/11/2024
Wissem GHARBI
33 questions
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