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Question 10: While preparing your risk responses, you realize that you have not planned for unknown risk events.
You need to make adjustments to the project to compensate for unknown risk events. These adjustments
are based on your past project experience when unknown risk events occurred and knocked the project
off track. What should you do?
A. Include a management reserve in the budget to try to compensate for the unknown risks, and notify
management to expect unknown risks to occur.
B. Document the unknown risk items and calculate the expected monetary value based on probability and
impact that may result from the occurrence.
C. Determine the unknown risk events and the associated cost, then add the cost to the project budget as
reserves.
D. With the stakeholders, determine a percentage of the known risk budget to allocate to a management
reserve budget.
Correct Answer: A
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