CGRC Question #31: Real Exam Question with Answer & Explanation

Question

You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control? Response:

Options

• AQuantitative risk analysis
• BQualitative risk analysis
• CRequested changes
• DRisk audits

Explanation

Risk monitoring and control is an ongoing project management process that tracks identified risks, monitors residual risks, and evaluates risk process effectiveness. One key output of this process, especially when new risks or changes in existing risks are identified, is requested changes to the project plan.

Common mistakes.

• A. Quantitative risk analysis is a process input or tool-technique for evaluating risks, not an output of risk monitoring and control.
• B. Qualitative risk analysis is a process input or tool-technique for prioritizing risks, not an output of risk monitoring and control.
• D. Risk audits are a tool and technique used within risk monitoring and control, not an output of the overall process.

Concept tested. Project Risk Management Outputs

Reference. https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

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