Known -Unknown Risk event

Discuss PMP doubts, tips and lesson learned. iZenBridge makes PMP® Certification easy
hit.singh
Contributor
Contributor
Posts: 132
Joined: Mon Nov 09, 2015 9:23 pm

Known -Unknown Risk event

Postby hit.singh Sat Dec 19, 2015 1:08 pm

Help me to understand this.
Attachments
Capture.PNG
Capture.PNG (21.33 KiB) Viewed 2143 times
ujjal_show
Super Member
Super Member
Posts: 1024
Joined: Thu Sep 17, 2015 12:59 pm

Re: Known -Unknown Risk event

Postby ujjal_show Sat Dec 19, 2015 2:34 pm

Situation describe in the question is "an unknown risk event occurred -so project manager should find and workaround and use management to deal with the situation.

but the language of the options are not very clear to me.

a. identify risk & qualitative risk analysis. -incorrect
b. contingency deal with accepted risk (known) -incorrect
c. correct answer.
d. incorrect project practice at time on cost estimation.
hit.singh
Contributor
Contributor
Posts: 132
Joined: Mon Nov 09, 2015 9:23 pm

Re: Known -Unknown Risk event

Postby hit.singh Sat Dec 19, 2015 3:26 pm

But Ujjal, since its Unknown Unknown how can you figure out cost.
ujjal_show
Super Member
Super Member
Posts: 1024
Joined: Thu Sep 17, 2015 12:59 pm

Re: Known -Unknown Risk event

Postby ujjal_show Sat Dec 19, 2015 3:39 pm

hit.singh wrote:But Ujjal, since its Unknown Unknown how can you figure out cost.

cost of workaround...

Return to “PMP® Open Forum”

Who is online

Users browsing this forum: No registered users and 6 guests