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PMI-RMP Exam - Topic 5 Question 29 Discussion

Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?
B) A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.
A) A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
C) A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.
D) A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.

PMI-RMP Exam - Topic 5 Question 29 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 29
Topic #: 5
[All PMI-RMP Questions]

Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?

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Suggested Answer: B

by Xochitl at May 03, 2022, 02:08 PM

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Carline
10 months ago
I agree with Alex, it's about effectiveness, not just probabilities.
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Kimbery
11 months ago
Wait, so it doesn't cover risks that already happened? That seems odd.
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France
11 months ago
Definitely B! It's all about evaluating our responses.
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Wilford
11 months ago
I thought it was just about risks that haven't happened yet?
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Jamal
11 months ago
A risk audit checks how well we're handling risks we've already identified.
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Michell
11 months ago
I thought a risk audit was about looking at risks that haven't occurred yet, but now I'm confused if it also involves evaluating our management process.
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Scot
11 months ago
I feel like a risk audit might focus on risks that have already happened and their impacts, but I can't recall if that's the main point or just part of it.
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Nadine
11 months ago
I think a risk audit is about reviewing how well we've managed the risks we've identified, but I'm not completely sure if it includes just the responses or the whole process too.
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Benton
11 months ago
I remember practicing a question similar to this, and I think it was about assessing the effectiveness of risk responses. So, maybe option B is correct?
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Sanjuana
12 months ago
Okay, I've got this. Preferred stock is less risky because the dividends are usually cumulative, meaning they have to be paid out before common stock dividends. That gives preferred shareholders more stability and protection.
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Sina
12 months ago
Okay, let's see. Fast reroute in one-to-one mode should have some impact on the path-mtu, but I'm not sure if it will increase or decrease it. I'll need to review the details.
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