PMI Risk Management Professional (PMI-RMP) — Question 51

A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans.

How should a professional risk manager manage the risks in such situations?

Answer options

• A. Conduct weekly risk management meetings with all stakeholders.
• B. Utilize proper documentation to help manage the risks.
• C. Adopt agile approaches to manage the risks.
• D. Adopt a predictive approach to manage the risks.

Correct answer: C

Explanation

The correct answer is C because agile approaches are well-suited for environments with rapid changes, allowing for flexibility and quick adjustments to risks. Option A, while beneficial, may not be sufficient for dynamic situations; option B focuses on documentation, which is important but not as adaptable; and option D suggests a predictive approach, which is less effective in unpredictable contexts.