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CIMAPRA19-E02-1 Exam - Topic 7 Question 1 Discussion

A project teamisengaged in a risk assessment process prior to the execution of a major project. One risk is assessed to be of low impact but medium likelihood (probability). In these circumstances the appropriate response is:
A) Accept the risk, but monitor closely
B) Negotiate the transfer of the risk to a third party
C) Accept (tolerate) the risk without further action
D) Take immediate steps to terminate the risk

CIMAPRA19-E02-1 Exam - Topic 7 Question 1 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 1
Topic #: 7
[All CIMAPRA19-E02-1 Questions]

A project teamisengaged in a risk assessment process prior to the execution of a major project. One risk is assessed to be of low impact but medium likelihood (probability). In these circumstances the appropriate response is:

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Suggested Answer: A

by Rozella at May 07, 2022, 07:17 AM

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Renea
10 months ago
I’d go with C, sometimes you just have to accept it.
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Cathern
10 months ago
B seems better, why not transfer it?
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Cordell
11 months ago
Really? Medium likelihood sounds risky to me.
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Claudia
11 months ago
Totally agree, monitoring is key!
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Pearly
11 months ago
I think it's A, just keep an eye on it.
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Jillian
11 months ago
This seems like a straightforward question about scaling engineering operations. I'll focus on the key factors mentioned in the choices and think about which one is the most important for addressing scalability.
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Alberto
11 months ago
I feel pretty confident on this one. The recommended actions are defining the scale and sensitivity, setting targets, and establishing weights for the criteria. Selecting the criteria itself is not a recommended action, so I'll go with A as the answer.
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