PMIPMI
PMI-RMP · Question #413
PMI-RMP Question #413: Real Exam Question with Answer & Explanation
The correct answer is B: Perform a Monte Carlo simulation to understand possible risk outcomes.. See the full explanation below for the reasoning.
Perform Targeted Risk Analysis
Question
The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has an overall project risk that exceeds the risk levels documented in the risk management plan. What would be the best course of action for the company to take with the project based on its current scope?
Options
- AMonitor ongoing risks closely for any major changes.
- BPerform a Monte Carlo simulation to understand possible risk outcomes.
- CCancel the project, as the overall level of risk remains unacceptable.
- DConduct a stakeholder meeting to validate stakeholder risk appetite.
Topics
#Quantitative Risk Analysis#Monte Carlo Simulation#Overall Project Risk#Risk Thresholds
Community Discussion
No community discussion yet for this question.