PMI
PMI-RMP · Question #13
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending. What is the
Sign in or unlock PMI-RMP to reveal the answer and full explanation for question #13. The question stem and answer options stay visible for context.
Risk Monitoring and Reporting
Question
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of reviewing the contingency reserve?
Options
- AIt helps to evaluate if the remaining reserve is adequate for the risk exposure.
- BIt helps to determine how much more funds will need to be invested in the project.
- CIt helps to evaluate secondary and residual risks related to the risk responses and their costs.
- DIt helps to determine the probability and impact of project risks.
Unlock PMI-RMP to see the answer
You've previewed enough free PMI-RMP questions. Unlock PMI-RMP for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.
Topics
#Contingency Reserve#Risk Monitoring#Reserve Analysis#Risk Exposure