Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Laquanda
6 months ago
Nah, I think understanding the stakeholders' appetite is key here.
upvoted 0 times
...
Titus
6 months ago
I’d go with industry standards, they usually have solid data.
upvoted 0 times
...
Rosio
7 months ago
Wait, how do we even know what the right threshold is?
upvoted 0 times
...
Reuben
7 months ago
Definitely agree, 50% sounds reasonable!
upvoted 0 times
...
Kassandra
7 months ago
I think they should check the agreed-upon risk tolerance.
upvoted 0 times
...
Reed
7 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.
upvoted 0 times
...
Scarlet
8 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.
upvoted 0 times
...
Danilo
8 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.
upvoted 0 times
...
Jordan
8 months ago
I remember we discussed the importance of understanding stakeholder perspectives, so maybe finding out their risk appetite could help clarify this situation.
upvoted 0 times
...
Lizbeth
8 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.
upvoted 0 times
...
Jonelle
8 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.
upvoted 0 times
...
Domitila
8 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.
upvoted 0 times
...
Jarod
8 months ago
This seems like a tricky one. I'll need to carefully review the details and think through the different options.
upvoted 0 times
...
Rachael
8 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.
upvoted 0 times
...
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.
upvoted 0 times
Augustine
1 year ago
C: Find out the stakeholders' risk appetite
upvoted 0 times
...
Gladis
1 year ago
B: Perform a sensitivity analysis of the risk
upvoted 0 times
...
Marylou
1 year ago
A: Review the agreed-upon risk tolerance
upvoted 0 times
...
...
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?
upvoted 0 times
Cary
12 months ago
C: Actually, I believe using industry standard risk thresholds is the way to go.
upvoted 0 times
...
Jeanice
12 months ago
B: No way, we should definitely perform a sensitivity analysis of the risk.
upvoted 0 times
...
Noelia
1 year ago
A: I think we should review the agreed-upon risk tolerance.
upvoted 0 times
...
...
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.
upvoted 0 times
Yong
1 year ago
D: Use industry standard risk thresholds
upvoted 0 times
...
Dannette
1 year ago
C: Find out the stakeholders' risk appetite
upvoted 0 times
...
Felton
1 year ago
B: Perform a sensitivity analysis of the risk
upvoted 0 times
...
Aleta
1 year ago
A: Review the agreed-upon risk tolerance
upvoted 0 times
...
...
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.
upvoted 0 times
...
Kenny
1 year ago
But shouldn't the risk manager also consider the stakeholders' risk appetite to make an informed decision?
upvoted 0 times
...
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?
upvoted 0 times
...
Derick
1 year ago
I agree with Dong. It's important to stick to what has been agreed upon.
upvoted 0 times
...
Dong
1 year ago
I think the risk manager should review the agreed-upon risk tolerance.
upvoted 0 times
...
Irene
1 year ago
But what if the stakeholders' risk appetite is different? Maybe we should find that out first.
upvoted 0 times
...
Bobbye
1 year ago
I agree with Merilyn. It's important to stick to the agreed limits.
upvoted 0 times
...
Merilyn
1 year ago
I think the risk manager should review the agreed-upon risk tolerance.
upvoted 0 times
...

Save Cancel