Exam PMI-RMP topic 1 question 77 discussion

Actual exam question from PMI's PMI-RMP

Question #: 77
Topic #: 1

The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has that exceeds the risk levels documented in the risk management plan.
What would be the best course of action for the company to take with the project based on its current scope?

A. Monitor ongoing risks closely for any major changes.
B. Perform a Monte Carlo simulation to understand possible risk outcomes.
C. Cancel the project, as the overall level of risk remains unacceptable.
D. Conduct a stakeholder meeting to validate stakeholder risk appetite.

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Suggested Answer: C 🗳️

by MikeMarlo at May 19, 2024, 11:35 a.m.

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MikeMarlo

6 months, 3 weeks ago

Selected Answer: B

Cancel the project without examining and having results is unacceptable at first. First thing to do is analyze consequences. So option B, quantify the risks you are having to check overall project risks in order to have some data to be able to decide. Then, be transparent and conduct stakeholder meeting (Option D) should be the next thing to do. Lastly, you could either cancel the project or Monitor closely (options C and A).

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