The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com – The answer is at the very bottom:
You are performing the Plan Risk Responses process for your manufacturing project when encounter a critical risk that may have a high impact on the project completion. All of the following are valid responses to this new risk except?
A.) Allocating Contingency Reserves
B.) Developing Fallback Options
C.) Conducting Bidder Conferences
D.) Reviewing risks driven by strategies
Hint: A Fallback Plan is used when a primary response plan proves to be inadequate.
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ANSWER AND EXPLANATION:
The correct answer is C
Explanation: Conducting Bidder Conferences is not a strategy used in Risk Management. All other answer choices are valid risk responses.
Reference: PMBOK Guide 4th Edition, page 304