Task 3 Document Risk Triggers and Thresholds Based on Context/environment PMI-RMP Practice Questions (Page 2)

Questions 6–10

1. 6expert · hard

   A project has a risk threshold for 'schedule delay' set at 'more than 5 days'. The project manager receives new information that a critical vendor is likely to be late, but the delay is estimated at only 3 days. A stakeholder argues the threshold should be lowered to 'more than 2 days' to trigger earlier action. The project manager is concerned about creating false alarms. What is the best approach?

   • AEstablish a structured process to review the threshold, considering the new information and the risk of false alarms.
   • BSet the threshold to 3 days, matching the estimated delay.
   • CLower the threshold to 2 days to be more proactive.
   • DKeep the threshold at 5 days because it was originally agreed.
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2. 7foundation · easy

   What is the most appropriate action when updated risk data indicates that a previously established risk compliance threshold is no longer consistent with a new regulatory requirement?

   • AKeep the existing threshold and note the discrepancy in the risk register
   • BEscalate the issue to the project sponsor for a decision
   • CIgnore the new regulation until the next scheduled review
   • DDocument the updated threshold and communicate the change to relevant stakeholders
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4. 8foundation · easy

   What is the primary purpose of empowering stakeholders to challenge existing risk thresholds?

   • ATo provide a structured process for review and adjustment based on new information
   • BTo eliminate the need for risk monitoring
   • CTo ensure that all risks are accepted
   • DTo assign risk ownership to stakeholders
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5. 9application · medium

   A software development project has a risk that 'a key developer may leave the company'. The project manager needs to document the impact of this risk. Which statement best describes the impact?

   • AThe developer is unhappy with the current project.
   • BThe developer's departure will cause a delay in the release of the product.
   • CThe project will need to hire a new developer.
   • DThe developer may leave within the next six months.
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6. 10application · medium

   A pharmaceutical company is running a clinical trial project. The risk register currently lists a risk of 'adverse patient reaction' with a threshold of 'any occurrence'. After reviewing updated safety data, the risk owner proposes changing the threshold to 'any serious adverse event'. What should the project manager do first?

   • AEscalate the proposal to the project sponsor for a final decision.
   • BAssess the proposed threshold against regulatory requirements and organizational policy before documenting any change.
   • CReject the proposal because the original threshold is more conservative.
   • DUpdate the risk register with the new threshold immediately.
   Reveal Solution Discussion Select an answer first