Free PMI-RMP Web TestEngine Demo

Q59 Multiple choice

A risk manager for a new product development project has worked diligently with stakeholders and the project team to identify and document risks. These project risks vary widely in probability and impact.

Which three actions should the risk manager take to inform the identification of resource requirements for individual risk responses? (Choose 3).

Select all that apply.

A
Work with the project team to conduct a decision tree analysis for each risk or set of related risks.
B
Calculate the expected monetary value (EMV) of each risk and use these outputs to inform and defend project reserves.
C
Conduct a Monte Carlo simul-ation to understand the probabilities of various risk outcomes.
D
Use the risk breakdown structure (RBS) to calculate the total cost of mitigating all risks and ensure project reserves are adequate to cover this amount.
E
Focus attention and resources on identified risks with the highest potential to impact the project.

PMI-RMP Web TestEngine demo