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PMI-RMP Exam - Topic 2 Question 46 Discussion

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?
C) Contingency reserve
A) Risk response
B) Quantitative analysis
D) Risk response plan

PMI-RMP Exam - Topic 2 Question 46 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 46
Topic #: 2
[All PMI-RMP Questions]

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

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Suggested Answer: C

by Rikki at May 05, 2022, 12:09 PM

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Dorian
10 months ago
Totally agree, a risk response plan is essential after this!
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Simona
11 months ago
Wait, will a chart really help? Seems a bit simplistic.
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An
11 months ago
I think a contingency reserve is more important than just a chart.
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Wei
11 months ago
Definitely need that quantitative analysis to back up decisions.
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Mozell
11 months ago
Sounds like a solid plan for managing risks!
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Cassi
11 months ago
I feel like the chart could help in developing a risk response plan, but I'm not confident about that.
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Darell
11 months ago
This seems similar to a practice question we did on risk management, where we had to evaluate the financial implications of risks.
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Corinne
11 months ago
I'm not entirely sure, but I think it might lead to a quantitative analysis of the risks, right?
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Sommer
11 months ago
I remember we talked about how creating a chart like this could help in prioritizing risks based on their financial impact.
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Nan
12 months ago
Okay, I think I've got a strategy for this. Exploratory testing can help us test effectively without a complete test basis, which seems like the most relevant benefit here.
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Huey
12 months ago
Hmm, this looks tricky. I'm not sure I'm following the units and conversions here. I better re-read the question carefully and make sure I understand what they're asking.
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Lacey
12 months ago
I'm leaning towards option B because it seems to make sense, but I have a nagging feeling I might be getting it mixed up with sub-services.
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