PFMP · Question #109
PFMP Question #109: Real Exam Question with Answer & Explanation
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Question
A portfolio manager is having a status meeting with the various program managers within the portfolio. One of the program managers mentions a new risk that may impact a deliverable. While it has a low probability, the risk would nearly double the program's costs and affect the overall portfolio if it occurred. The best course of action for the portfolio manager to take is to:
Options
- Aadvise the program manager to manage low probability risks within the program and escalate
- Bensure contingency reserves are allocated and application approaches are developed.
- Cescalate new portfolio risks to the steering committee in accordance with the risk management
- Dperform a risk assessment with subject matter experts to understand the risk's impact.
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