86.
During a project’s execution, while monitoring risks, you discover an additional risk
that has the potential of saving costs if it occurs. However, it also comes with potential
additional time required. What should the project manager do?
a. Ignore the risk since it provides potential cost savings.
b. Immediately accept the risk because of the potential cost savings.
c. Bring the project to a halt until the risk is evaluated.
d. Update the risk register and explore options for exploiting the risk in a way that it does not
hurt the project schedule much.
87. In the midst of the project execution phase, the project manager discerns ( উপলব্ধি করা)
a significant increase in the impact of a risk, which could now potentially derail
(লাইনচ্যুত করা) the project timeline. Based on the PMBOK Guide Seventh Edition's
approach to Risk Monitoring and Control, what should be the project manager’s next
course of action?
a. Adjust the project scope to accommodate the changes without revising the risk management
plan.
b. Communicate the increased risk impact to the stakeholders and wait for their decision.
c. Reassess the risk and update the risk management plan to include potential mitigation
strategies.
d. Reallocate the project resources to immediately address the increased risk impact.
88. During a project audit, you discover that the risk responses implemented were not
effective in addressing the identified risks. The project is already in the Execution phase,
and several risks have materialized causing schedule delays. What should the project
manager do next to improve the risk management process?
a. Review the risk management plan and update the risk register with new risks.
b. Request additional budget and time from the stakeholders to mitigate the current risks.
c. Terminate the project to avoid further risk exposure and restart with a new risk management
approach.
d. Convene a risk review meeting to reassess the effectiveness of current risk responses and
develop new strategies.
89. A global manufacturing company with a low risk appetite is considering automating
part of its production line with a new, unproven technology that could significantly increase
efficiency but may disrupt current operations if it fails. Stakeholders are divided on the
decision. As the project manager, what should be your course of action?
a. Proceed with full-scale implementation of the new technology to capitalize on the efficiency
gains and demonstrate the company's commitment to innovation.
b. Recommend investing in alternative proven technologies to improve efficiency, avoiding the
risks associated with untested solutions.
c. Delay the decision until the technology becomes more widely adopted in the industry and
case studies demonstrate its effectiveness to mitigate the risks involved.
d. Suggest a small-scale pilot of the new technology to assess feasibility, in line with the
company's low risk appetite.
90. You are managing a project that involves a new software implementation. During risk
identification, you categorize the risks into technical, external, and internal. Which is an
example of a technical risk?
a. Key team member resigning from the organization.
b. Natural disasters disrupting project work.
c. Changes in tax regulations.
d. Integration issues with legacy systems.