PMI Risk Management Professional (PMI-RMP) — Question 19

Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.
What recommendation could be implemented to prevent this from recurring?

Answer options

• A. Use the Monte Carlo simulation.
• B. Implement a reserve analysis process.
• C. Conduct more frequent reserve watch list status meetings.
• D. Increase the contingency reserve.

Correct answer: B

Explanation

The correct answer, B, suggests implementing a reserve analysis process, which helps in monitoring and managing reserves more effectively. Options A and C do not directly address the management of reserves, and option D might lead to a temporary solution without understanding the underlying issues of reserve depletion.