PMP Practice Question 351 - Business Environment

Business EnvironmentFinanceProcessUncertaintyGeneral

A project team is reviewing solved project issues from the last phase of a project. The lead risk analyst points out that the next phase of the project includes a critical element with some reserves needed. What should the project manager do to successfully complete the next phase?

  • A.Update the risk response plan to include the needed reserve
  • B.Perform a schedule network analysis to avoid any critical path delays
  • C.Review the risk response plan to verify inclusion of the needed reserve
  • ✓ Correct D.Request a reserve analysis and update the risk management plan

Correct answer: D

Explanation

When the next project phase includes a critical element requiring reserves, the project manager should request a reserve analysis and update the risk management plan. Reserve analysis ensures adequate contingency for identified risks. Updating the risk response plan with reserves (A) is partial. Performing schedule network analysis (B) addresses timing, not reserves. Reviewing the risk response plan for existing reserves (C) is verification, not action.

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