PMI-RMP Question #587: Real Exam Question with Answer & Explanation

Question

The stakeholders of a building construction project are not comfortable with the project manager's handling of the project as they believe there is a financial risk. The project manager asks the risk manager to assist in demonstrating to the stakeholders that the project risks are under a tolerable threshold. What should the risk manager do first to demonstrate this to the stakeholders?

Options

• AGather other project risk historical information.
• BGather and reconcile project risk report data.
• CWork with the sponsor to convince the risks are under control.
• DWork with the team to ensure the project is in good health.

Explanation

When stakeholders express concerns about financial risks, the risk manager's first step should be to gather and reconcile project risk report data. This involves reviewing the existing risk data, ensuring that it is accurate, up-to-date, and reflects the current status of the project. By reconciling this data, the risk manager can provide stakeholders with a clear and evidence-based picture of the project's risk profile, demonstrating that the risks are within a tolerable threshold. This approach aligns with PMI's risk management processes, which emphasize the importance of accurate and transparent reporting to manage stakeholder expectations and concerns effectively.

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