PMI-RMP · Question #544
A new risk manager has been assigned to a delayed strategic project. The risk manager presented a new plan to get the project back on track using lessons learned and applying risk response…
The correct answer is D. Conduct a risk planning workshop. When senior management proposes removing contingency reserves to accelerate a delayed project, the risk manager should conduct a risk planning workshop rather than simply complying. Contingency reserves exist to address identified risks; removing them without proper analysis…
Question
A new risk manager has been assigned to a delayed strategic project. The risk manager presented a new plan to get the project back on track using lessons learned and applying risk response strategies. Senior management wants to remove contingency reserves because they want to finish the project earlier. What should the risk manager do in this scenario?
Options
- AReview project schedule estimates.
- BChange the response strategies.
- CReduce the contingency reserves.
- DConduct a risk planning workshop.
How the community answered
(34 responses)- A21% (7)
- B3% (1)
- C12% (4)
- D65% (22)
Explanation
When senior management proposes removing contingency reserves to accelerate a delayed project, the risk manager should conduct a risk planning workshop rather than simply complying. Contingency reserves exist to address identified risks; removing them without proper analysis exposes the project to unmitigated risk. A risk planning workshop brings together the right stakeholders to review the risk landscape, evaluate the implications of removing reserves, and reach an informed, consensus-based decision. Simply reducing reserves (C) without analysis is irresponsible. Reviewing schedule estimates (A) or changing response strategies (B) are premature without first establishing a shared understanding of the risks involved through collaborative planning.
Topics
Community Discussion
No community discussion yet for this question.