PMI Risk Management Professional (PMI-RMP) — Question 58

Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project’s budget.

What should the project manager do next?

Answer options

• A. Coach stakeholders on risk identification practices.
• B. Request a budget relief using the management reserve.
• C. Conduct a risk reassessment and reserve analysis.
• D. Review the consequences of potential changes.

Correct answer: C

Explanation

The correct answer is C because conducting a risk reassessment and reserve analysis will allow the project manager to identify potential risks and budget impacts, ensuring appropriate adjustments can be made. Option A is incorrect as coaching on risk identification does not address the immediate budget issue. Option B is not viable without a thorough analysis of the risks, and option D, while important, does not actively resolve the current budget constraints.