The risk manager for an IT project developing a software application has a major stakeholder...

Vendor: PMI
Product: PMI-RMP
Update on: Aug 2, 2026
Questions: 289

PMI PMI-RMP Question Answer

The risk manager for an IT project developing a software application has a major stakeholder concerned that the project will not conclude within the available funding. The risk manager found delays in the iterations and increments in the project ' s budget, potentially increasing the duration by two weeks.

What tools should the risk manager use to properly decide the risk of not finishing the project within the budget?

Stakeholder management and communication tools

Team performance reports and analysis tools

Schedule management tools (i.e., Gantt Charts)

Estimation and probability analysis tools (i.e. Monte Carlo simul-ations)