Risk Management Question 22

[admin]

During the Plan Risk Management process, your team has come up with 619 risks and 18 major causes of those risks. The project is a last of the series of all the projects which the team has worked on together. The sponsor is very supportive and a lot of time was invested in making sure the project was complete and signed off by all the project stakeholders. During project planning, the team cannot come up with an effective way to mitigate or insure against a risk. It is not work that can be outsourced, nor can it be deleted, what is the BEST solution?

a) Accept the risk
b) Continue to investigate the ways to mitigate the risk
c) Look for ways to avoid the risk
d) Look for ways to transfer the risk

[admin]

The correct answer is A.

This question relates real-world situations to risk types. Did you realize that the entire first paragraph is extraneous? Based on the question, you cannot delete the work to avoid it, nor can you insure or outsource to transfer the risk. This leaves acceptance as the only correct choice.

Pass PMP in the First Attempt : PMP Strategy

Revise Risk Management Concepts: Project Risk Management

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