PMI-RMP Question #324: Real Exam Question with Answer & Explanation

Question

At the completion of a small project, the risk manager performs a risk audit and finds that several identified risks had occurred, and the impact was significantly larger than expected. While the project remained on schedule, the project budget increased by 50%. The project met all risk response milestones and no additional, previously unidentified risks, occurred on the project. Based on this information, what risk management process improvement should the risk manager recommend for future similar projects?

Options

• AIncrease frequency of risk management meetings with the project manager.
• BRevise the level of accuracy of probability and impact scores.
• CDocument the risk audit report and capture it in the lessons learned database.
• DExpand the use of risk identification techniques.