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Exam PMI-RMP topic 1 question 176 discussion

Actual exam question from PMI's PMI-RMP
Question #: 176
Topic #: 1
[All PMI-RMP Questions]

A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans.

How should a professional risk manager manage the risks in such situations?

  • A. Conduct weekly risk management meetings with all stakeholders.
  • B. Utilize proper documentation to help manage the risks.
  • C. Adopt agile approaches to manage the risks.
  • D. Adopt a predictive approach to manage the risks.
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Suggested Answer: C 🗳️

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IBANGA007
1 year, 1 month ago
Selected Answer: C
In a situation where a company experiences difficulty in predicting long-term business plans due to a high level of innovation and changing work conditions, a professional risk manager could manage the risks by adopting agile approaches. Agile approaches involve breaking down a project into smaller, more manageable pieces and then iterating on those pieces over time. This approach is particularly well-suited to situations where the future is uncertain and where conditions are constantly changing, as it allows the organization to adapt and respond to changes as they occur.
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