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Exam PMI-RMP topic 1 question 94 discussion

Actual exam question from PMI's PMI-RMP
Question #: 94
Topic #: 1
[All PMI-RMP Questions]

A six-month, USS1.2 million project is two months completed. The project has 3 high, 6 medium, and 2 low risks, with a 10% reserve for known risks, and a 5% reserve for unknown risks. Most of the project's reserves have not been spent. The risk manager, who is also the project schedule manager, establishes monthly risk management reviews to evaluate performance. So far, the project has missed 50% of the planned risk mitigation milestones.
Based on this project data, what technique should the risk manager recommend to improve the risk management process?

  • A. Increase the risk manager's position to a full-time position and acquire a dedicated project schedule lead.
  • B. Adjust project risk thresholds to increase the number of residual risks on the project.
  • C. Increase the frequency of risk status meetings and update the risk management plan.
  • D. Perform a variance analysis and potentially allocate more reserves to improve risk mitigation.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️

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TheAWSGuru
10 months ago
Selected Answer: C
C is the right answer
upvoted 1 times
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Azharmak
1 year, 5 months ago
How can Ans. be D? Already the available reserves have not been consumed so you don't need more reserves. Ans should be C
upvoted 1 times
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Linkedin_Dario_Conde
1 year, 5 months ago
Selected Answer: C
Frequency of meetings will improve the process
upvoted 1 times
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OMG4567
1 year, 7 months ago
Selected Answer: C
There is no evidence that increased reserves will help since its mentioned that most of the reserves are not spent. Also performing a variance analysis doesn't help the process. The solution with the future in mind is C - Increasing the frequency of meetings will help to improve the process.
upvoted 1 times
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hossam83
4 years, 3 months ago
D is the best answer
upvoted 1 times
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