Exam PMI-RMP topic 1 question 25 discussion

Actual exam question from PMI's PMI-RMP

Question #: 25
Topic #: 1

A risk on the risk register is triggered. This triggered risk costs US$200,000 to mitigate and will overwhelm the project, causing it to fail if not mitigated. The project manager identifies that there is US$200,000 left in the management reserve.
From which of the following sources should the funds be drawn to cover the risk mitigation?

A. Organization management reserve
B. Unplanned risk reserve
C. Contingency reserve
D. Management reserve

Show Suggested Answer

Suggested Answer: C 🗳️

by cskhal at Dec. 9, 2020, 9:19 a.m.

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Linkedin_Dario_Conde

6 months ago

Selected Answer: C

Yeap C is correct because it i a known risk that occured therefore it should come from the contigency reserve

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Azharmak

6 months ago

Answer is C

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aws_guru1

1 year, 2 months ago

Selected Answer: C

Contingency reserve. C is correct

upvoted 1 times

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gen2ty

2 years, 10 months ago

Contigency reserve is the right choice for identified risk/known unknowns. Management reserves requires formal approval before application and it is meant to address unknown unknowns.

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cskhal

3 years, 5 months ago

it must be a contingency reserve (C), because this risk is already identified in the risk register, and is triggered. For management reserves, the risk must be unknown unknown, not in RR.

upvoted 2 times

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