PMP Certification Planning Questions Test 3

Question : 61 of 70

Marks: +1, -0

During the planning stage of a project, a project manager identifies many risks that could impact the project. Two of them have impacts that could translate into the total failure of the project.
Based on these findings, what should the project manager do next?

Perform both qualitative and quantitative risk analyses to determine how to proceed
Notify all stakeholders about this discovery, and prepare immediate contingency plans
Modify the work breakdown structure (WBS) to include some preventive activities to minimize the effects of those risks
Estimate the cost of the contingency plans, and recommend the dismissal of the project if the cost is too high

Validate

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