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PMI-RMP · Question #7

PMI-RMP Question #7: Real Exam Question with Answer & Explanation

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Risk Strategy and Planning

Question

You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low- level of stakeholder tolerance in this project?

Options

  • AMitigation-ready project management
  • BRisk utility function
  • CRisk avoidance
  • DRisk-reward mentality

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Topics

#Risk utility function#Risk tolerance#Stakeholder tolerance#Risk attitude
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