PMP Exam Simulator

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Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

Use acceleration to have extra 30m in reserve on exam

Risk Management

Carlos is a project manager working on the development and production of a new car cleaning device. He did not spend much time on risk identification because he thought that the project was relatively straightforward, with less risk than most other projects he had worked on before. While preparing risk responses, he identified secondary risks that could lead to serious consequences later in the project. What is the best thing for Carlos to do in this situation?

Add reserves to the project to accommodate new risks and inform the management.

Determine the risk events and the associated costs, then add the cost to the project budget as a reserve.

Document the risk items and calculate the expected monetary value based on the probability and impact of the occurrences.

Add a 10 percent contingency to the project budget and inform the customer.