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GSLC · Question #495
GSLC Question #495: Real Exam Question with Answer & Explanation
The correct answer is D. Add the identified risk to the risk register.. All identified project risks must be recorded in the risk register regardless of their probability or impact level, as it is the authoritative tracking document for project risks.
Question
A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it'll cause the project to be delayed by three weeks, which will cause new risk in the project. What should the project manager do with the risk event?
Options
- AAdd the identified risk to the issues log.
- BAdd the identified risk to a quality control management control chart.
- CAdd the identified risk to the low-level risk watchlist.
- DAdd the identified risk to the risk register.
Explanation
All identified project risks must be recorded in the risk register regardless of their probability or impact level, as it is the authoritative tracking document for project risks.
Common mistakes.
- A. The issues log records problems that have already occurred and require immediate resolution, not potential future risk events that have not yet materialized.
- B. A quality control management control chart is used to monitor process performance and identify variances in deliverable quality, not to track project risk events.
- C. A low-level risk watchlist is reserved for risks that have both low probability AND low impact; this risk has significant impact and therefore requires full risk register documentation and active monitoring.
Concept tested. Project risk identification and risk register documentation
Reference. https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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