One of your team members came to you asking about the risk "Watch List"; he heard this term in a meeting on risk analysis and did not know what it meant. What will your advice to your team member be?

Question

Options

• AWatch Lists include the risks with low probability and low impact that do not require further
• BWatch Lists include the risks with low probability and high impact that needs to be watched
• CWatch Lists include the risks with high probability and low impact that needs to be watched
• DWatch Lists include the risks with high probability and high impact that needs to be watched

• A
  91% (20)
• B
  5% (1)
• D
  5% (1)

Explanation

In risk management (covered in PMI standards including PMBOK and Portfolio Management), a Watch List contains risks that have been assessed as low probability AND low impact - meaning they don't currently warrant active response planning or resource allocation. These risks are not ignored but are monitored passively to ensure they don't escalate. If a risk has high impact (even with low probability), it typically receives a formal response plan due to the potential consequences. The Watch List is specifically for risks that fall below the threshold of requiring immediate action, making option A the precise and correct definition.

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