PMI-RMP Question #545: Real Exam Question with Answer & Explanation

Question

A risk manager is assigned to a new system deployment project with a strict contractually agreed- on schedule. One of the key risks identified is the availability of experts because many are shared on other strategic projects in the organization. What should the risk manager do to address this situation?

Options

• AImplement a disciplined tracking method and report to stakeholders accordingly.
• BCall for a project team meeting to review risk strategies and make required adjustments.
• CEscalate the staffing topic to the sponsor and request more budget for contingencies.
• DRevisit the project charter for scope adjustments and sign them off with the customer.

Explanation

One of the tasks in the domain of Risk Response is to call for a project team meeting to review risk strategies and make required adjustments, as needed, based on risk monitoring and reporting. In this scenario, the risk manager should do this to address the situation of the availability of experts, which is a key risk for the project. The project team meeting will help the risk manager and the project team to evaluate the effectiveness of the current risk response plan, identify any new risks or changes in existing risks, and develop alternative risk strategies and actions to deal with the staffing issue. The project team meeting will also facilitate the communication and collaboration among the project team members and other stakeholders, and ensure that the project objectives and expectations are aligned. The risk manager should not implement a disciplined tracking method and report to stakeholders accordingly, because that is not a proactive risk response strategy, but rather a passive risk monitoring and reporting technique. The risk manager should not escalate the staffing topic to the sponsor and request more budget for contingencies, because that is not a feasible or appropriate risk response strategy, as it does not address the root cause of the risk or provide a solution to the problem. The risk manager should not revisit the project charter for scope adjustments and sign them off with the customer, because that is not a risk response strategy, but rather a scope management process that may have negative impacts on the project quality, cost, and schedule, and may violate the contractual agreement with the customer.

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