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Category: PMI-RMP

Exam PMI-RMP: PMI Risk Management Professional

What type of a response strategy is this?

[tagged]
Mary is the project manager of the HGH Project for her company. She and her project team have
agreed that if the vendor is late by more than ten days they will cancel the order and hire the NBG
Company to fulfill the order. The NBG Company can guarantee orders within three days, but the
costs of their products are significantly more expensive than the current vendor. What type of a
response strategy is this?

What is the likely outcome of creating this type of chart?

[tagged]
Your project has several risks that may cause serious financial impact should they happen. You
have studied the risk events and made some potential risk responses for the risk events but
management wants you to do more. They’d like for you to create some type of a chart that
identified the risk probability and impact with a financial amount for each risk event. What is the
likely outcome of creating this type of chart?


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