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PMI-RMP Exam - Topic 7 Question 109 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 109
Topic #: 7
[All PMI-RMP Questions]

A project team has completed the risk response plan for a newly identified major project risk. Some team members argue the plan does not totally eliminate the risk, considering the effort required to implement it, and feel the planned response should be thrown out altogether.

What should the risk manager do in this situation?

Show Suggested Answer Hide Answer
Suggested Answer: C

In risk management, it is common that not all risks can be completely eliminated. Residual risk is the remaining risk after all possible mitigation efforts have been applied. If the residual risk is within the organization's risk appetite---meaning the organization is willing to accept this level of risk---it is appropriate to proceed with the plan. The PMI framework supports this approach, as risk management is about balancing effort and benefit, ensuring that mitigation efforts are commensurate with the risk involved.


Contribute your Thoughts:

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Ligia
13 hours ago
All risks should be addressed, so D is the way to go!
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Sharan
6 days ago
Wait, are we really okay with just accepting risks?
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Nina
11 days ago
Disagree, we can't just accept risks without a plan!
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Elena
16 days ago
I think option C makes the most sense.
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Cherry
21 days ago
I'd go with C, but I'm just winging it. What do I know, I'm just the coffee guy.
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Kayleigh
26 days ago
Haha, the team members are really throwing a wrench in the risk management plan! Can't they just rock-paper-scissors it?
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Armando
1 month ago
B) The response plan should be discontinued and the risk should be accepted and dealt with if it occurs.
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Leigha
1 month ago
I recall a case study where all risks had to be addressed, but I wonder if that’s always practical. Should we really just accept the risk if it’s manageable?
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Linwood
1 month ago
I feel like option C makes sense if the residual risk is within our risk appetite. But what if the team is really against it?
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Ruthann
2 months ago
I’m not sure if we should just throw out the response plan. I think we practiced a question where we had to weigh the effort against the potential impact.
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Lauran
2 months ago
I remember we discussed how sometimes a risk response plan can still be valid even if it doesn't eliminate the risk completely. Maybe we should consider the residual risk?
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Taryn
2 months ago
I'm feeling pretty confident about this one. Based on the information provided, I think option C is the way to go. The key is that the residual risk needs to be compatible with the organization's risk appetite. If that's the case, then accepting that residual risk is probably the most pragmatic approach, rather than starting over with a new plan.
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Edna
2 months ago
D) All identified risks must be addressed because they might significantly impact the project if they occur.
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Marvel
2 months ago
Okay, I've got a strategy for this. I'd start by looking closely at the details of the risk response plan and the effort required to implement it. If the residual risk is low and the organization is willing to accept it, then option C seems like the best choice. But if the residual risk is still high, then I might consider option D and try to address the risk more fully.
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Anisha
2 months ago
C) Accept the residual risk as it is compatible with the organization's risk appetite.
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Colette
3 months ago
I feel like option D is safer. We should address all risks.
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Britt
3 months ago
I agree with Tina. Ignoring risks could hurt the project.
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Carmelina
3 months ago
Hmm, this is a tricky one. I think I would lean towards option C - accepting the residual risk if it's compatible with the organization's risk appetite. The question mentions that the planned response doesn't totally eliminate the risk, so it might not be worth throwing it out altogether if the remaining risk is still acceptable.
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Mattie
3 months ago
I'm a bit confused by this question. It seems like there are a few different factors to consider, like the effort required to implement the risk response plan and the organization's risk appetite. I'm not sure if I fully understand what the "residual risk" is in this case.
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