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Exam PgMP topic 1 question 435 discussion

Actual exam question from PMI's PgMP
Question #: 435
Topic #: 1
[All PgMP Questions]

The risk manager completes risk response planning. The risk manager believes that to effectively address all eventualities, an additional action is required.
What should the program manager do next?

  • A. Transfer a percentage of known risks.
  • B. Establish a contingency reserve.
  • C. Avoid known critical project threats.
  • D. Perform a final review of project scope.
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Suggested Answer: B 🗳️
by happykaur at Jan. 13, 2024, 2:32 a.m.

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happykaur
10 months, 2 weeks ago
Selected Answer: B
In this scenario, after the risk manager completes risk response planning and believes additional action is required to address all eventualities, the most appropriate next step for the program manager would be: B. **Establish a contingency reserve.** Establishing a contingency reserve is a proactive step to prepare for uncertainties in project management. It involves setting aside resources (such as time, money, or manpower) to address potential risks that may materialize during the course of the project. This reserve acts as a buffer to manage risks that were not completely eliminated or mitigated during the risk planning phase.
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