PMI Exam PMI-RMP Topic 9 Question 65 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 65
Topic #: 9

The risk manager for an IT project developing a software application has a major stakeholder concerned that the project will not conclude within the available funding. The risk manager found delays in the iterations and increments in the project's budget, potentially increasing the duration by two weeks.

What tools should the risk manager use to properly decide the risk of not finishing the project within the budget?

AStakeholder management and communication tools

BTeam performance reports and analysis tools

CSchedule management tools (i.e., Gantt Charts)

DEstimation and probability analysis tools (i.e. Monte Carlo simulations)

Show Suggested Answer

Suggested Answer: C

by Glendora at Oct 02, 2023, 10:52 AM

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Candida

1 months ago

As a professional risk manager, I'd have to go with D. Probability analysis is the only way to truly quantify the risk and make an informed decision.

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Jacquelyne

2 months ago

Haha, I'm going with D for sure. Monte Carlo simulations sound like a fancy way to say 'roll the dice and see what happens'.

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German

1 days ago

Haha, I'm going with D for sure. Monte Carlo simulations sound like a fancy way to say 'roll the dice and see what happens'.

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Javier

3 days ago

User 3: I agree, it's better to have a more data-driven approach when assessing project risks.

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Alton

3 days ago

D) Estimation and probability analysis tools (i.e. Monte Carlo simulations)

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Destiny

4 days ago

User 2: Yeah, Monte Carlo simulations can help predict different outcomes based on different variables.

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Shoshana

4 days ago

C) Schedule management tools (i.e., Gantt Charts)

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Chun

6 days ago

B) Team performance reports and analysis tools

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Lauran

1 months ago

A) Stakeholder management and communication tools

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Yan

1 months ago

User 1: I think D is a good choice too. It's important to analyze the probabilities.

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Beth

2 months ago

I think a combination of B and D would be best. Team performance reports and analysis tools can provide valuable data, and then probability analysis can help interpret it.

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Aleta

1 months ago

Yes, combining both options can provide a comprehensive approach to assessing the risk of not finishing the project within the budget.

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Derick

1 months ago

I agree, using team performance reports to analyze the data and then probability analysis tools can help make more informed decisions.

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Tien

2 months ago

I'd say C. Schedule management tools like Gantt Charts are crucial for visualizing the project timeline and identifying potential delays.

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Annamaria

13 days ago

D) Estimation and probability analysis tools (i.e. Monte Carlo simulations)

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Cary

14 days ago

C) Schedule management tools (i.e., Gantt Charts)

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Lucia

15 days ago

B) Team performance reports and analysis tools

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Jaleesa

1 months ago

A) Stakeholder management and communication tools

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Alita

2 months ago

Definitely go with D. Estimation and probability analysis tools like Monte Carlo simulations can help the risk manager accurately assess the likelihood of going over budget.

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