Task 3 Document Risk Triggers and Thresholds Based on Context/environment PMI-RMP Practice Questions (Page 6)

Questions 26–27

1. 26expert · hard

   A project has a risk threshold for 'cost overrun' set at '10% of budget'. The project sponsor believes this threshold is too high and wants to lower it to '5%' to catch issues earlier. However, the project manager notes that the project has a history of cost variances around 6-8% that are not problematic. What is the best action?

   • ASet the threshold to 7% as a compromise.
   • BKeep the threshold at 10% because it was originally set.
   • CLower the threshold to 5% to satisfy the sponsor.
   • DUse a structured process to review the threshold, considering the historical variance data and the sponsor's concern.
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2. 27application · medium

   A project has a risk threshold for 'data breach impact' set at 'high'. The organization's security team reports that the threshold is too vague and wants to make it more specific. What should the project manager do?

   • AEscalate the issue to the project sponsor.
   • BWork with the security team to define 'high' in measurable terms, such as the number of records affected or financial impact.
   • CChange the threshold to 'any data breach'.
   • DKeep the threshold as 'high' because it is consistent with the organization's risk matrix.
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