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PMI Exam PMI-RMP Topic 6 Question 101 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 101
Topic #: 6
[All PMI-RMP Questions]

A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.

Which response should the risk manager recommend for these risk items?

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Suggested Answer: B

According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain ofRisk Responseis to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1.One of the strategies for negative risks or threats isrisk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action2. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project3.The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat2.The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats2.The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats2.Reference:1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- Sixth Edition, page 4363: A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- Sixth Edition, page 437.


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