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PMP · Question #1078
PMP Question #1078: Real Exam Question with Answer & Explanation
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Submitted by kavita_s· Apr 18, 2026People
Question
A project team has identified a risk and wants to accept it as an opportunity to finish a project earlier than planned. The project manager realizes that the sponsor may not accept the risk since the sponsor is risk averse. What should the project manager do?
Options
- ACreate a contingency reserve to cover the risk in order to ensure that the risk will be accepted.
- BConduct a Monte Carlo analysis to determine if the team will complete the project early.
- CExplain to the sponsor that this is a nonevent type of risk and it will be fine to accept it.
- DConvince the sponsor that this will cost less, ultimately resulting in more profit for the sponsor.
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Topics
#Risk Opportunity#Stakeholder Engagement#Communication Strategy#Business Value