PMI-RMP Exam - Topic 8 Question 81 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 81
Topic #: 8

A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.

What should the risk manager do next to find out the correct limit?

AReview the agreed-upon risk tolerance

BPerform a sensitivity analysis of the risk

CFind out the stakeholders' risk appetite

DUse industry standard risk thresholds

Show Suggested Answer

Suggested Answer: A

by Bronwyn at Jul 03, 2024, 11:40 AM

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Laquanda

5 months ago

Nah, I think understanding the stakeholders' appetite is key here.

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Titus

5 months ago

I’d go with industry standards, they usually have solid data.

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Rosio

5 months ago

Wait, how do we even know what the right threshold is?

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Reuben

5 months ago

Definitely agree, 50% sounds reasonable!

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Kassandra

6 months ago

I think they should check the agreed-upon risk tolerance.

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Reed

6 months ago

I feel like performing a sensitivity analysis could be useful, but I’m not confident if it’s the right approach for this specific scenario.

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Scarlet

6 months ago

This reminds me of a practice question where we had to analyze risk thresholds. Using industry standards could provide a solid basis for decision-making here.

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Danilo

6 months ago

I'm not entirely sure, but I think reviewing the agreed-upon risk tolerance might be the best first step to resolve their differing opinions.

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Jordan

6 months ago

I remember we discussed the importance of understanding stakeholder perspectives, so maybe finding out their risk appetite could help clarify this situation.

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Lizbeth

6 months ago

Based on the details provided, I think the best next step would be to review the agreed-upon risk tolerance for the project. That should help me determine the correct limit to use.

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Jonelle

6 months ago

I'm a bit confused by the conflicting information from the stakeholders. I'll need to do some additional research to determine the appropriate risk threshold for this project.

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Domitila

6 months ago

Okay, let's see. The stakeholders have different views on the rain probability threshold. I think I need to dig deeper into their risk tolerance and appetite to find the right approach.

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Jarod

6 months ago

This seems like a tricky one. I'll need to carefully review the details and think through the different options.

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Rachael

7 months ago

I'm pretty confident about this one. The Scrum Guide states that only the Product Owner can cancel a Sprint, so I'm going with option C.

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Carolann

12 months ago

Wait, did someone say 'rain'? Time to break out the umbrellas, folks! I wonder if the risk manager can do a rain dance to influence the weather.

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Augustine

11 months ago

C: Find out the stakeholders' risk appetite

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Gladis

11 months ago

B: Perform a sensitivity analysis of the risk

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Marylou

11 months ago

A: Review the agreed-upon risk tolerance

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Sabine

12 months ago

Nah, nah, the answer is clearly using industry standard risk thresholds. Can't go wrong with the tried and true, am I right?

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Cary

10 months ago

C: Actually, I believe using industry standard risk thresholds is the way to go.

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Jeanice

10 months ago

B: No way, we should definitely perform a sensitivity analysis of the risk.

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Noelia

11 months ago

A: I think we should review the agreed-upon risk tolerance.

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Gladis

12 months ago

Hold up, I reckon the risk manager should find out the stakeholders' risk appetite. That's the key to understanding what they're really looking for here.

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Yong

11 months ago

D: Use industry standard risk thresholds

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Dannette

11 months ago

C: Find out the stakeholders' risk appetite

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Felton

12 months ago

B: Perform a sensitivity analysis of the risk

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Aleta

12 months ago

A: Review the agreed-upon risk tolerance

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Leigha

1 year ago

Well, if you ask me, the risk manager should perform a sensitivity analysis of the risk. That way, they can really get a grip on the situation and make an informed decision.

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Kenny

1 year ago

But shouldn't the risk manager also consider the stakeholders' risk appetite to make an informed decision?

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Broderick

1 year ago

Hmm, this is a tricky one. I think the risk manager should review the agreed-upon risk tolerance to find the correct limit. Gotta stick to the plan, you know?

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