PMI-RMP Exam Dumps | A key project is delayed and all contingency reserves have been used even though the project team has

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Question 92/108

A key project is delayed and all contingency reserves have been used even though the project team has implemented all planned risk responses. What should the risk manager do next?

A. Create a new project plan including the new risks.

B. Review the effectiveness of the risk process.

C. Update the risk management plan.

D. Escalate the project risks to upper management.

Correct Answer: D

When a project is delayed, and all contingency reserves have been exhausted, the next step is to escalate the situation to upper management. This escalation allows for additional resources or support to be considered and for strategic decisions to be made at a higher level. According to PMI's risk management practices, escalation is a key strategy when risks exceed the project's control, requiring input or intervention from senior management to resolve.
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