Exam PMI-RMP topic 1 question 253 discussion

C. Review the agreed-upon risk tolerance If different stakeholders have different views on the acceptable level of risk related to rain and construction, it is important for the risk manager to review the agreed-upon risk tolerance for the project. The risk tolerance is the level of risk that the project team is willing to accept in order to achieve the project's objectives. To determine the correct limit for construction in the event of rain, the risk manager should review the agreed-upon risk tolerance and consider the potential impacts of different levels of risk on the project. This may involve performing a sensitivity analysis of the risk to understand how different levels of risk will affect the project schedule, budget, and other project objectives. By reviewing the agreed-upon risk tolerance and performing a sensitivity analysis, the risk manager can help to ensure that the project team is making informed and strategic decisions about risk management.