nerdexam
PMIPMI

PMI-RMP · Question #571

PMI-RMP Question #571: Real Exam Question with Answer & Explanation

The correct answer is B: Implement the risk response plan to remedy the problem as soon as possible.. When a risk has materialized and become an issue despite preventive actions, the next logical step is to implement the pre-established risk response plan. This plan is designed specifically to address the risk if it occurs, ensuring that the project can quickly and effectively ma

Risk Monitoring and Reporting

Question

A risk manager has a well-structured risk management process in place for a complex project with a tight schedule. Despite implementing preventive actions, one of the risks identified in the early stages of the project has still occurred and is now an issue. What should the risk manager do next?

Options

  • AMeet with the project team to brainstorm potential solutions to the problem.
  • BImplement the risk response plan to remedy the problem as soon as possible.
  • CInitiate discussions with the project manager to decide how to manage the problem.
  • DEscalate the problem to the project sponsor to agree on the best course of action.

Explanation

When a risk has materialized and become an issue despite preventive actions, the next logical step is to implement the pre-established risk response plan. This plan is designed specifically to address the risk if it occurs, ensuring that the project can quickly and effectively manage the issue. According to PMI's risk management guidelines, implementing the risk response plan is a critical step once a risk has been triggered, as it provides a structured approach to resolving the issue with minimal impact on the project.

Topics

#Risk Response Implementation#Issue Management#Executing Contingency Plans

Community Discussion

No community discussion yet for this question.

Full PMI-RMP PracticeBrowse All PMI-RMP Questions