Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

PMI Exam PMI-RMP Topic 9 Question 73 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 73
Topic #: 9
[All PMI-RMP Questions]

Rob is the project manager of the IDLK Project for his company. This project has a budget of $5,600,000 and is expected to last 18 months. Rob has learned that a new law may affect how the project is allowed to proceed - even though the organization has already invested over $750,000 in the project. What risk response is the most appropriate for this instance?

Show Suggested Answer Hide Answer
Suggested Answer: A

Contribute your Thoughts:

Micheal
5 months ago
I see the points made by everyone, but I still think that acceptance is the safest option in this case.
upvoted 0 times
...
Carlee
5 months ago
I agree with David, enhancing the project could be a great strategy.
upvoted 0 times
...
Natalie
5 months ago
Enhance could also work, we could take advantage of this situation to make the project even better.
upvoted 0 times
...
Sherman
5 months ago
I think mitigation is the way to go, we need to minimize the impact of this new law.
upvoted 0 times
...
Chi
5 months ago
I disagree, I believe transference would be better in this situation.
upvoted 0 times
...
Jody
6 months ago
I think the most appropriate risk response would be acceptance.
upvoted 0 times
...
Noah
6 months ago
Enhancement could also be a good option to take advantage of the new law rather than just mitigating the risk.
upvoted 0 times
...
Ailene
7 months ago
I disagree. I would go with B) Transference, to shift the risk to another party.
upvoted 0 times
...
Albina
7 months ago
I agree with Yolando. Mitigation seems like the best option to minimize the impact of the new law.
upvoted 0 times
...
Yolando
7 months ago
I think the most appropriate risk response for this instance is C) Mitigation.
upvoted 0 times
...
Lashawnda
8 months ago
I don't know, you guys. Transference might not be a bad idea here. If the new law is really that much of a game-changer, maybe it's best to offload the project to someone else who can deal with it more effectively. Just a thought.
upvoted 0 times
...
Brittni
8 months ago
Ooh, good point Vinnie. I was also thinking Mitigation, especially since the company has already invested a significant amount. We can't just throw that away with Acceptance, and Transference won't really help us navigate the new legal landscape.
upvoted 0 times
...
Vinnie
8 months ago
I'm leaning towards Mitigation on this one. If a new law is going to impact the project, we need to figure out how to adjust and minimize the damage as much as possible. Acceptance or Transference just don't seem strong enough.
upvoted 0 times
...
Jules
8 months ago
This question is really tricky! I mean, how do you even prepare for a new law affecting an already-running project? That's some serious curveball stuff right there.
upvoted 0 times
Sue
7 months ago
I agree, it's important to take action to reduce the negative effects of the new law on the project.
upvoted 0 times
...
Louvenia
7 months ago
C) Mitigation
upvoted 0 times
...
Elbert
8 months ago
Wouldn't it be better to transfer the risk to another party to deal with the legal implications?
upvoted 0 times
...
Maryann
8 months ago
B) Transference
upvoted 0 times
...
Nu
8 months ago
Actually, I believe it's best to try and lessen the impact of the new law by implementing risk mitigation strategies.
upvoted 0 times
...
Pura
8 months ago
C) Mitigation
upvoted 0 times
...
Lavina
8 months ago
I think in this case, Rob should just accept the risk and continue with the project.
upvoted 0 times
...
Tennie
8 months ago
A) Acceptance
upvoted 0 times
...
...

Save Cancel