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PMI-RMP Exam - Topic 7 Question 28 Discussion

Consider the risk probability-impact matrix in the figure given below:If Risk B happens in this project, how much will be left in the contingency reserve?
A) $193,500
B) -$334,500
C) It depends on the total budget of the project.
D) $148,300

PMI-RMP Exam - Topic 7 Question 28 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 28
Topic #: 7
[All PMI-RMP Questions]

Consider the risk probability-impact matrix in the figure given below:

If Risk B happens in this project, how much will be left in the contingency reserve?

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Suggested Answer: A

by Cordelia at May 04, 2022, 07:22 AM

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Sanjuana
10 months ago
Totally agree with $193,500!
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Yvonne
11 months ago
Wait, how can we be sure about this?
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Lashaunda
11 months ago
It really depends on the total budget, right?
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Rasheeda
11 months ago
I think it could be negative, like -$334,500.
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Deeann
11 months ago
I'm pretty sure it's $193,500.
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Noemi
11 months ago
I vaguely remember that the contingency reserve is adjusted based on the impact of risks, but I’m torn between options C and D. I wish I had reviewed that section more thoroughly!
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Karina
11 months ago
If Risk B happens, I feel like it could really affect the budget, but I can't recall the exact calculations we did in class. Maybe it depends on the total budget?
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Marci
11 months ago
I think we had a similar practice question where we had to calculate the remaining contingency reserve after a risk occurred. I might lean towards option A, but I’m not completely confident.
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Marvel
11 months ago
I remember we discussed how the probability-impact matrix helps in determining the financial implications of risks, but I'm not sure how it applies here.
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Tequila
12 months ago
Okay, I think I've got this. Level III provides firm quotations, which are the actual prices that market makers are willing to buy and sell at.
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Albina
12 months ago
Okay, I think I've got it. The most efficient way would be to create a custom indicator field for the username and link it to the existing system indicator. That way, the username gets pulled out automatically. Option A seems like the simplest solution.
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Celestine
12 months ago
I feel like only looking at the average and ignoring the range could be misleading. I should double-check how they relate in this context.
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Casandra
12 months ago
Okay, I've got an idea. The metric that deals with the integrity of the data being modified would be the most relevant here. I'll go with D. integrity.
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