PMI-RMP Exam - Topic 7 Question 72 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 72
Topic #: 7

A project is delayed and the risk manager is working on a new plan for the remaining work Based on previous results the project team is having frequent issues with quality due to lack of experience in the technology used, requiring additional testing effort and rework.

How should the risk manager and team respond to this type of risk in the future?

AAvoid the risk by eliminating rework waste.

BTransfer the risk with contractual clauses.

CAccept the risk with contingency reserves.

DMitigate the risk with management reserves.

Show Suggested Answer

Suggested Answer: B

by Caprice at Mar 07, 2024, 06:33 PM

Limited Time Offer

25%

Off

Get Premium PMI-RMP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Kayleigh

5 months ago

Wait, can they really eliminate all rework? That seems too optimistic.

upvoted 0 times

...

Tamesha

5 months ago

Mitigating with management reserves seems smart!

upvoted 0 times

...

Adelina

5 months ago

Not sure if transferring the risk is a good idea...

upvoted 0 times

...

Raina

5 months ago

I agree, avoiding rework is key.

upvoted 0 times

...

Cristy

6 months ago

Sounds like they need more training on the tech!

upvoted 0 times

...

Marcelle

6 months ago

Mitigating the risk sounds like the best approach, but I’m not clear on how management reserves would actually help with the quality problems we’ve seen.

upvoted 0 times

...

Daron

6 months ago

I feel like accepting the risk with contingency reserves might just mean we're accepting failure. We need to be proactive, not reactive.

upvoted 0 times

...

Flo

6 months ago

I think transferring the risk could be a good option, especially if we can include clauses in contracts. But I wonder if that really protects us from quality issues.

upvoted 0 times

...

Paz

6 months ago

I remember we discussed how avoiding risks can sometimes lead to more issues down the line, but I'm not sure if eliminating rework is feasible here.

upvoted 0 times

...

Audra

6 months ago

Transferring the risk with contractual clauses could be an option, but that might just push the problem onto someone else. I think I'll need to dig deeper into the mitigation strategies to come up with the best solution.

upvoted 0 times

...

Matthew

6 months ago

Avoiding the risk by eliminating rework waste sounds like a good idea, but I'm not sure if that's really feasible in this case. The team's lack of experience is the root cause, so I think I'll need to focus on that.

upvoted 0 times

...

Christa

6 months ago

Hmm, I'm a bit unsure about this one. The question mentions frequent quality issues, so I'm not sure if simply accepting the risk with contingency reserves would be the best approach. Maybe I should consider the other options as well.

upvoted 0 times

...

Mollie

7 months ago

This question seems pretty straightforward. I think the best approach would be to mitigate the risk by using management reserves to address the quality issues caused by the team's lack of experience.

upvoted 0 times

...

Filiberto

7 months ago

This looks like a straightforward question, but I want to make sure I'm not missing anything. I think the key is to focus on the principles that would guide the data collection and analysis during the risk assessment, with a specific eye on how that ties back to the storage environment and business continuity metrics like RTO and RPO.

upvoted 0 times

...

Cherilyn

7 months ago

I'm not totally sure about this one. I'll need to think it through carefully and eliminate the options that don't match the requirements.

upvoted 0 times

...

Melissia

7 months ago

Hmm, I'm not totally sure about this one. The question mentions plan implementation, testing, and maintenance, so I'm thinking it might be D - Plan approval and implementation.

upvoted 0 times

...

Keena

7 months ago

I remember calculating deltas for options in practice, but I'm not entirely sure how to apply it here. Are we supposed to hedge the long position in common stock?

upvoted 0 times

...

Tom

11 months ago

Hmm, this is a tough one. I'm going to go with (B) - transferring the risk with contractual clauses. That way, the client can share in the pain of the rework and inexperience. Plus, then I can blame them if things go wrong! Just kidding, of course. But seriously, (B) seems like the way to go here.

upvoted 0 times

Becky

10 months ago

Definitely, having contractual clauses in place can help protect the project team and the client in case of any issues.

upvoted 0 times

...

Lauran

10 months ago

Agreed, transparency is key in managing risks. Plus, sharing the risk can help mitigate the impact.

upvoted 0 times

...

Cecilia

10 months ago

I think (B) is a good option. It's important to make sure everyone is aware of the risks involved.

upvoted 0 times

...

Nakita

11 months ago

I'm leaning towards (C) - accepting the risk with contingency reserves. That way, the team can plan for the additional testing and rework, rather than trying to eliminate it entirely. Though I suppose (D) is also a solid option, if the team has the management reserves to spare.

upvoted 0 times

Ligia

10 months ago

That's true, but sometimes it's better to have a backup plan in case things don't go as smoothly as we hope.

upvoted 0 times

...

Alecia

10 months ago

But what if we could find a way to eliminate the need for rework altogether? Wouldn't that be more efficient?

upvoted 0 times

...

Goldie

11 months ago

I agree, having contingency reserves in place can help the team prepare for unexpected issues.

upvoted 0 times

...

Lucina

12 months ago

Definitely go with (D) - mitigating the risk with management reserves. This allows the team to proactively address the quality issues and lack of experience, rather than just hoping for the best. Avoiding the risk (A) or transferring it (B) doesn't seem like the right call here.

upvoted 0 times

Shayne

10 months ago

I see your point, but I still think (D) is the most proactive approach to managing the risk.

upvoted 0 times

...

Stefanie

10 months ago

I think (C) could also be a good choice to have contingency reserves in case things go wrong.

upvoted 0 times

...

Isreal

11 months ago

I agree, (D) is the best option to address the quality issues and lack of experience.

upvoted 0 times

...

Alonso

12 months ago

This is a tricky one. I think the best approach is to mitigate the risk with management reserves (D). Avoiding the risk by eliminating rework waste (A) might not be feasible, and transferring the risk (B) doesn't really address the root cause. Accepting the risk (C) could be risky, pun intended.

upvoted 0 times