PFMP · Question #442
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success
The correct answer is D. Risk Planning. The question specifically states you are 'in the process of developing the risk management plan,' which maps directly to Risk Planning (Option D). The PMI Portfolio Management framework defines distinct risk process groups: Risk Planning comes first, followed by Risk Assessment (
Question
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You are currently in the process of developing the risk management plan. Which of the following activities will you be performing?
Options
- AAll of the options
- BRisk Response
- CRisk Assessment
- DRisk Planning
How the community answered
(60 responses)- A3% (2)
- B7% (4)
- C2% (1)
- D88% (53)
Explanation
The question specifically states you are 'in the process of developing the risk management plan,' which maps directly to Risk Planning (Option D). The PMI Portfolio Management framework defines distinct risk process groups: Risk Planning comes first, followed by Risk Assessment (identifying and analyzing risks), then Risk Response (developing and implementing responses), and finally Risk Monitoring and Controlling. Since you are still developing the plan itself, you are in the planning phase. Option A (All of the options) is incorrect because these activities occur sequentially - you cannot be in all phases simultaneously.
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