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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?
Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget. What should the project manager do next?
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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)
Which statement describes the risk portrayed on the risk matrix heat map below?

Question 180 - PMI-RMP discussion

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A project team has completed the risk response plan for a newly identified major project risk. Some team members argue the plan does not totally eliminate the risk, considering the effort required to implement it, and feel the planned response should be thrown out altogether.

What should the risk manager do in this situation?

A.

Accept the response because there are no secondary risks were identified.

Answers
A.

Accept the response because there are no secondary risks were identified.

B.

The response plan should be discontinued and the risk should be accepted and dealt with if it occurs.

Answers
B.

The response plan should be discontinued and the risk should be accepted and dealt with if it occurs.

C.

Accept the residual risk as it is compatible with the organization's risk appetite.

Answers
C.

Accept the residual risk as it is compatible with the organization's risk appetite.

D.

All identified risks must be addressed because they might significantly impact the project if they occur.

Answers
D.

All identified risks must be addressed because they might significantly impact the project if they occur.

Suggested answer: C
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asked 14/11/2024
MIGUEL FERNANDEZ
36 questions
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