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PMI-RMP Exam - Topic 8 Question 81 Discussion

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?
A) Review the agreed-upon risk tolerance
B) Perform a sensitivity analysis of the risk
C) Find out the stakeholders' risk appetite
D) Use industry standard risk thresholds

PMI-RMP Exam - Topic 8 Question 81 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 81
Topic #: 8
[All PMI-RMP Questions]

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?

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Suggested Answer: A

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

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Laquanda
8 months ago
Nah, I think understanding the stakeholders' appetite is key here.
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Titus
8 months ago
I’d go with industry standards, they usually have solid data.
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Rosio
8 months ago
Wait, how do we even know what the right threshold is?
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Reuben
9 months ago
Definitely agree, 50% sounds reasonable!
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Kassandra
9 months ago
I think they should check the agreed-upon risk tolerance.
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Reed
9 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
9 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
9 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
10 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
10 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
10 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
10 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
10 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
10 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
1 year 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
1 year ago
C: Find out the stakeholders' risk appetite
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Gladis
1 year ago
B: Perform a sensitivity analysis of the risk
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Marylou
1 year ago
A: Review the agreed-upon risk tolerance
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Sabine
1 year 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
1 year ago
C: Actually, I believe using industry standard risk thresholds is the way to go.
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Jeanice
1 year ago
B: No way, we should definitely perform a sensitivity analysis of the risk.
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Noelia
1 year ago
A: I think we should review the agreed-upon risk tolerance.
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Gladis
1 year 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
1 year ago
D: Use industry standard risk thresholds
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Dannette
1 year ago
C: Find out the stakeholders' risk appetite
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Felton
1 year ago
B: Perform a sensitivity analysis of the risk
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Aleta
1 year 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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Derick
1 year ago
I agree with Dong. It's important to stick to what has been agreed upon.
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Dong
1 year ago
I think the risk manager should review the agreed-upon risk tolerance.
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Irene
1 year ago
But what if the stakeholders' risk appetite is different? Maybe we should find that out first.
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Bobbye
1 year ago
I agree with Merilyn. It's important to stick to the agreed limits.
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Merilyn
1 year ago
I think the risk manager should review the agreed-upon risk tolerance.
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