PMI Risk Management Professional (PMI-RMP) — Question 13

A heavy industrial design firm has over USS3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have been identified and assessed as high priorities for the project.
What is the most effective method to capture these opportunities?

Answer options

• A. Integrate them into the RBS.
• B. Schedule a project team meeting.
• C. Formally notify the project manager.
• D. Establish a contingency reserve.

Correct answer: D

Explanation

Establishing a contingency reserve is the most effective method to capture opportunities because it allows the project to allocate funds for potential positive risks that can enhance project outcomes. Integrating them into the RBS or notifying the project manager may not directly lead to action, while scheduling a meeting may only facilitate discussion without guaranteeing implementation.