PMI Risk Management Professional
Turn risks into rewards. Risk management is key to avoiding delays, extra costs, and project failures. With the PMI-RMP, you'll gain the expertise to spot problems early, master risk fundamentals, and enhance project ou…
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What is the purpose of mitigating negative risks as a part of the risk response process?
To reduce the probability of a risk happening, and/or reduce the severity of the impact
A risk on the risk register is triggered. This triggered risk costs US$200,000 to mitigate and will overwhelm the project, causing it to fail if not mitigated. The project manager identifies that there is US$200,000 left in the management reserve. From which of the following sources should the fund…
Contingency reserve
The risk manager is about to go on medical leave, but before departing, conducts a risk response planning review meeting with stakeholders. A new risk manager is assigned to the project, and during the first status meeting an issue is identified. What is the appropriate course of action in this cas…
Implement an action plan to resolve the issue.
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