PMI Exam PMI-RMP Topic 4 Question 74 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 74
Topic #: 4

A critical piece of equipment broke during a project execution phase. The risk manager notices this risk in the risk register, and the response is to rent equipment until the critical piece is repaired.

What type of risk response is this?

ATransfer

BAccept

CMitigate

DAvoid

Show Suggested Answer

Suggested Answer: A

by Jamal at Apr 09, 2024, 06:18 AM

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Blair

1 months ago

You know, if I were the risk manager, I'd just throw the broken piece out the window and call it a day. That's what I call the 'ostrich' risk response - stick your head in the sand and hope the problem goes away!

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Gregoria

1 months ago

Haha, good one! I bet the project manager is just praying the repair takes less time than finding a new critical piece. That's what we call 'accepting the risk' with a side of wishful thinking.

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Jamal

1 months ago

Hold on, guys. What if the project manager just decides to scrap the whole thing and start over? Wouldn't that be avoiding the risk altogether?

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Erick

5 days ago

It's important to weigh the pros and cons of each risk response strategy. In this situation, mitigation through renting equipment seems to be the most appropriate choice.

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Vashti

6 days ago

Avoiding the risk by starting over could lead to delays and additional costs. Mitigating the risk through renting equipment is a more practical solution in this case.

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Ora

14 days ago

But starting over may not always be feasible or cost-effective. Mitigating the risk by renting equipment allows the project to continue with minimal disruption.

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Joaquin

15 days ago

Starting over would be considered an 'Avoid' response. This means completely eliminating the risk by changing the project plan or approach.

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Princess

1 months ago

I'm not so sure about that. Transferring the risk to a rental company sounds more like a transfer to me. The risk manager is passing the responsibility to someone else.

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Tiffiny

2 days ago

Mitigation involves taking actions to reduce the impact or likelihood of a risk event.

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Wilbert

9 days ago

Transferring the risk to a rental company sounds more like a transfer to me.

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Tesha

19 days ago

Renting equipment until the critical piece is repaired is a 'Mitigate' response.

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Kerry

2 months ago

I disagree, I think the risk response is to mitigate the risk by repairing the critical piece of equipment.

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Jonelle

2 months ago

This seems like a classic case of mitigation. Renting equipment to cover for the broken critical piece is a proactive way to reduce the impact of the risk.

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