PMI-RMP Exam - Topic 2 Question 77 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 77
Topic #: 2

A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase.

What should the risk manager of the related project have done to prevent this situation from happening?

AReformed the risk monitoring and closing process properly.

BCreated the project work plan and budget more accurately.

CEducated the project team on budget change requests.

DCommunicated better with the organization's CEO.

Show Suggested Answer

Suggested Answer: A, B, D

by Youlanda at May 10, 2024, 06:50 PM

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Lyda

3 months ago

Wow, using contingency funds like that is risky!

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Izetta

3 months ago

Educating the team could help avoid this mess!

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Cheryl

3 months ago

Really? I doubt better communication would fix this.

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Alease

4 months ago

Totally agree, better planning is key.

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Yan

4 months ago

Should've nailed the budget from the start!

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Richelle

4 months ago

Communicating with the CEO is definitely important, but I wonder if that alone would have prevented the budget shortage. Option D seems a bit too simplistic.

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Anisha

4 months ago

I feel like educating the team on budget change requests could help prevent this, but I’m not confident if that’s the main issue in this scenario.

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Eric

4 months ago

I think creating the project work plan and budget accurately is crucial, like we practiced in our last mock exam. Option B might be the right choice here.

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Jolanda

5 months ago

I remember discussing how important it is to have a solid risk monitoring process, so option A seems relevant, but I'm not entirely sure if that's the only factor.

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Adelle

5 months ago

This question is testing our understanding of project governance and stakeholder management. I'll need to think through the communication angles.

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Reuben

5 months ago

Okay, I think the key here is to focus on the risk manager's responsibilities. Proper risk monitoring and closing processes seem crucial.

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Lavina

5 months ago

Hmm, I'm a bit unsure about this. I'll need to review my notes on project budget management and risk monitoring.

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Isaac

5 months ago

This seems like a tricky one. I'll need to carefully consider the risk management processes and communication aspects.

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Quiana

5 months ago

I've got a good handle on this. The risk manager should have ensured proper risk monitoring and closing procedures were in place to prevent this situation.

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Erasmo

5 months ago

I think reporting discrepancies is actually part of the evaluating exit criteria and reporting phase. That's where you're analyzing the test results and communicating them, so option D seems like the best fit.

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Vinnie

5 months ago

This question seems straightforward, but I want to make sure I understand the details about the I$ table and flow control. I'll need to review my notes on the IKM SQL Control Append.

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Renato

5 months ago

Hmm, this looks like a tricky one. I'll need to think carefully about the different phases of the C&A process.

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Rosio

9 months ago

I bet the risk manager was too busy playing Tetris to properly monitor the project's budget. That's the real reason this situation happened.

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Ammie

9 months ago

Haha, the risk manager should have consulted a crystal ball to predict the future budget needs. That would have been more effective than any of these options!

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Sheldon

8 months ago

Haha, the risk manager should have consulted a crystal ball to predict the future budget needs.

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Lucia

8 months ago

The risk manager should have ensured a more accurate project work plan and budget.

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Adelaide

8 months ago

The risk manager should have communicated better with the organization's CEO.

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Audrie

8 months ago

The risk manager should have reformed the risk monitoring and closing process properly.

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Mattie

10 months ago

Communicating better with the CEO? Really? I doubt that would have made a difference. The risk manager should have been on top of the project's finances and not let it get to this point.

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Marion

9 months ago

C: Educating the project team on budget change requests could have also been beneficial in preventing this shortage.

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Judy

9 months ago

B: Yeah, creating a more accurate project work plan and budget would have helped avoid this situation.

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Sylvie

9 months ago

A: The risk manager should have reformed the risk monitoring and closing process properly.

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Silvana

10 months ago

Educating the project team on budget change requests is a good idea, but I don't think it would have solved the root cause of the problem. The risk manager needs to be proactive in managing the project's budget.

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Lashandra

10 months ago

Creating the project work plan and budget more accurately seems like the best option here. If the budget was planned properly, there wouldn't have been a shortage in the first place.

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Pearly

9 months ago

User 3: Reformed risk monitoring and closing process could have also helped in avoiding this situation.

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Yen

9 months ago

User 2: That's true, proper planning could have prevented the budget shortage.

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Linsey

9 months ago

User 1: The risk manager should have created the project work plan and budget more accurately.

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Dominga

10 months ago

Maybe educating the project team on budget change requests could have also helped in this situation.

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Wenona

11 months ago

I think the risk manager should have reformed the risk monitoring and closing process properly. Having a robust process in place could have helped prevent this situation.

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