fbpx
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: RISK Management: Query

RISK Management: Query 2 years 1 day ago #23649

  • Deepti Bhattacharya
  • Deepti Bhattacharya's Avatar Topic Author
  • Offline
  • Senior Boarder
  • Senior Boarder
  • Posts: 41
  • Thank you received: 7
Please refer the attachment for question.

It says what you should do first, i chose the option of impact analysis and raising a change request if necessary

but base don explanation it says Updates risk management plan. I agree we may have to do it to also include high impact, low potential risks in budget in future. But would that be first thing to do?
Attachments:

RISK Management: Query 1 year 11 months ago #23702

  • Deepti Bhattacharya
  • Deepti Bhattacharya's Avatar Topic Author
  • Offline
  • Senior Boarder
  • Senior Boarder
  • Posts: 41
  • Thank you received: 7
please help in clarifying

RISK Management: Query 1 year 11 months ago #23707

  • Harry Elston
  • Harry Elston's Avatar
  • Offline
  • Moderator
  • Moderator
  • Posts: 383
  • Karma: 21
  • Thank you received: 127
Deepti,

It looks like that question came from the PMI simulator. You should contact the organization who wrote the test questions for clarification, as moderators on the Prepcast Forum do not have any insight into the questions from other organizations.

Harry
+++++
Harry J. Elston, Ph.D., CIH, PMP

RISK Management: Query 1 year 11 months ago #23718

  • Massimo Berruti
  • Massimo Berruti's Avatar
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 8
  • Thank you received: 2
Deepti, I think here PMI means that the risk is already in the Risk Register, and impact analysis was already done for it. We just don't have a budget for it, because the company chose to allocate budget only for high-potential and high-impact risks. But this risk is already analyzed. Actually in the question they do say that this risk has high impact but low potential, so the impact analysis is already done.
Definitely a tricky one.
The following user(s) said Thank You: Deepti Bhattacharya
Last edit: by Massimo Berruti.
Moderators: Yolanda MabutasMary Kathrine PaduaJohn Paul BugarinLisa Sweeney PMPHarry ElstonBrad Pennington, PMPKyle Kilbride, PMPJean KwandaThomas Pinckney

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login