Exam PMI-RMP topic 1 question 281 discussion

Actual exam question from PMI's PMI-RMP

Question #: 281
Topic #: 1

The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk.

What should the team perform in this scenario?

A. Quantitative risk analysis
B. Risk urgency assessment
C. Monitor and control risks
D. Risk response planning

Show Suggested Answer

Suggested Answer: A 🗳️

by IBANGA007 at Dec. 22, 2022, 11:58 p.m.

Comments

Submit Cancel

IBANGA007

11 months, 1 week ago

Selected Answer: A

The best answer would be A, quantitative risk analysis. Quantitative risk analysis is a technique that is used to quantify the likelihood and impact of identified risks, as well as to determine the overall level of exposure for each risk. It involves using statistical and mathematical methods to estimate the likelihood and impact of each risk, as well as to calculate the expected value of each risk. This can be helpful in determining the maximum level of exposure for each risk, as well as in identifying the minimum acceptable level of exposure and impact. By performing a quantitative risk analysis, the project team can better understand the potential risks and uncertainties that are facing the project, and can identify the most effective strategies for managing those risks. This can help to ensure that the project is able to effectively mitigate or reduce the impact of identified risks, while also maximizing value and minimizing risk.

upvoted 3 times

...