PGMP · Question #351
The network project has been very challenging. The cost performance index is presently 0.95 and the schedule performance index is 0.91. Risk could have been managed better from the start of this proje
The correct answer is B. Corrective action. Risk Monitoring and Control is focused on taking corrective action when risks occur or when risk responses prove inadequate during project execution.
Question
The network project has been very challenging. The cost performance index is presently 0.95 and the schedule performance index is 0.91. Risk could have been managed better from the start of this project. Halfway through the execution of the project management plan, the Project Manager assigned one person to do nothing but monitor for risks and work with the people who implemented the risk response plans. What would be a main goal to achieve from Risk Monitoring and Controlling?
Options
- AQualitative analysis
- BCorrective action
- COverall Risk ranking for the project
- DQuantitative analysis
How the community answered
(26 responses)- A8% (2)
- B81% (21)
- C4% (1)
- D8% (2)
Why each option
Risk Monitoring and Control is focused on taking corrective action when risks occur or when risk responses prove inadequate during project execution.
Qualitative analysis is performed during the Plan Risk Analysis process, not during Risk Monitoring and Controlling.
Corrective action is the primary goal of Risk Monitoring and Controlling because the process exists to address risks that have materialized or whose response plans have failed. With a CPI of 0.95 and SPI of 0.91 indicating the project is already underperforming, taking corrective action is the most critical outcome. Assigning a dedicated person to monitor risks and work with those implementing response plans is specifically aimed at enabling timely corrective action.
Overall risk ranking is an output of Qualitative Risk Analysis, not a goal of Risk Monitoring and Controlling.
Quantitative analysis is performed during the Plan Risk Analysis process, not during Risk Monitoring and Controlling.
Concept tested: Risk Monitoring and Control corrective action goal
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
Topics
Community Discussion
No community discussion yet for this question.