Exam PMP topic 1 question 371 discussion

Why Not Other Options? A. No more action is required: This would mean letting the opportunity go, which might result in a missed chance for the organization to benefit. C. Further monitor the opportunity: Monitoring an opportunity that is outside of the current project scope doesn’t add value to the current project and doesn’t advance the potential benefits of the opportunity. D. Establish a contingency reserve to support the opportunity: Since the opportunity is outside the project scope, allocating resources or reserves within this project for it would not be appropriate.

At first I thought it was A. However, I think the C is solid on the “expanding opportunities to a higher level” part of the problem.

Although the opportunity is out of scope, but the team decided to add it to risk register and escalate to higher level, so we have to monitor it and get responding from higher level. This is opportunity risk and will increase the value for project.

I suppose that every records in the risk register needs to be monitored

A is correct you escalate it because it is out of your authority so, monitoring it is waist of time. if a PM suggest an opportunity in your project would you let him monitor it !!

A is correct

Further monitoring is scope creep. The project manager is spending time and money monitoring it. No further action is required.

Once it is the risk register I guess it's just normal to check it from time to time... it doesn't say that you have to go crazy with that opportunity but keep an eye on it. Do not just pass youR work forward and say "ok, work done"

7. While the escalation is underway, don't stop working the plan of record. No one can predict for certain the outcome of an escalation, so it's typically best to keep everyone marching together until an official decision has been made. From PMI. It must be C. JUST A TIP. IF YOU ARE NOT SURE JUST DO Q QUICK INTERNET SEARCH LIKE: "insert keyword here" PMI project management

C. Further monitor the opportunity

A. No more action is required.

the project manager should ensure that the opportunity is appropriately evaluated, documented, and communicated to the relevant stakeholders or decision-makers through the established change control and governance processes. So no more action required.

the project manager needs to communicate the risk to the new risk owner and ensure that they actively accept responsibility for its management. At this point the risk can be removed from the project’s active Risk Register, and it will be entered into the Risk Register at the level where it belongs.

Once risk is escalated there is no more need to monitor it as it's not in your control anymore.

Shouldn't you monitor your risks that are in the register?

I chose C

Since the opportunity is outside of the project scope, the project manager should not allocate any project resources to pursue it. However, the project manager should escalate the opportunity to a higher level to ensure that the organization is aware of the potential benefits. Therefore, the best option among the given choices is to further monitor the opportunity. This will enable the organization to evaluate the opportunity and determine if it is worth pursuing.