PMI Risk Management Professional (PMI-RMP) — Question 132

The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has that exceeds the risk levels documented in the risk management plan.
What would be the best course of action for the company to take with the project based on its current scope?

Answer options

• A. Monitor ongoing risks closely for any major changes.
• B. Perform a Monte Carlo simulation to understand possible risk outcomes.
• C. Cancel the project, as the overall level of risk remains unacceptable.
• D. Conduct a stakeholder meeting to validate stakeholder risk appetite.

Correct answer: C

Explanation

The correct answer is C because the project exceeds acceptable risk levels, making its continuation unwise. While monitoring risks (A) and performing simulations (B) can provide insights, they do not address the fundamental issue of unacceptable risk. Conducting a stakeholder meeting (D) may help gauge risk appetite, but it does not mitigate the existing high levels of risk associated with the project.