What should a project manager do with low-priority risks? ISEB ISEB-PM1 Exam

Question

Options

• AIgnore low-priority risks
• BMonitor periodically with other low-priority risks
• CCreate a mitigation plan for the low-priority risks
• DIncrease the contingency reserve

• A
  12% (3)
• B
  80% (20)
• C
  4% (1)
• D
  4% (1)

Explanation

Monitoring low-priority risks periodically is the correct approach because these risks don't warrant immediate action or significant resources, but ignoring them entirely could allow conditions to change and elevate their impact - periodic review keeps them on the radar without over-investing in them.

Why the distractors are wrong:

• A (Ignore them): Never appropriate in risk management; risk status changes over time, and today's low-priority risk can become tomorrow's critical issue.
• C (Create a mitigation plan): Mitigation plans are reserved for high-priority risks; applying them to low-priority risks wastes resources that should be allocated elsewhere.
• D (Increase contingency reserve): Contingency reserves address identified risks broadly, but simply increasing reserves doesn't manage low-priority risks - it's also disproportionate to their threat level.

Memory tip: Think of low-priority risks like background apps on your phone - you don't close them, but you check them occasionally to make sure they aren't draining your battery. "Watch but don't act" = periodic monitoring.

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