PMP Exam Question 6

Aligned with PMBOK 6th Edition®.

Risk concepts

You have just become the project manager of a project that involves designing and building a factory. The project is already behind schedule and over budget. Providing for risk management is critical to the project’s success because the factory will contain rooms that will house hazardous chemicals and gases. Since these rooms will be considered high risk areas, Alarm 1 activation will notify factory personnel to shut down operations and then evacuate the building. The activation of Alarm 1 signals that which of the following has been reached?

a) Risk appetite.

b) Risk tolerance.

c) Risk threshold.

d) Risk workaround.

February 16, 2020

2 responses on "PMP Exam Question 6"

  1. PMP Solution 6

    Risk appetite is the degree of uncertainly one is willing to accept in anticipation of a reward. A workaround is an unplanned response to a risk event. Risk Threshold is the level of risk exposure above which risks are addressed and below which risks may be accepted. Therefore, right answer is C. [PMBOK 6th edition, Page 721] [Project Risk Management].

    Special mention to adam_knox who helped improved this community by reviewing this question.

    Cheers

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