PFMP · Question #510
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…
The correct answer is D. Person who Identified the risk. The risk register does NOT include the person who identified the risk. Standard risk register components include: risk description, probability and impact assessment (A), list of potential responses (B), updated risk categories (C), risk owner, risk status, and trigger…
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. For this you maintain a risk register. The risk register is used throughout the portfolio life cycle in order to track and manage risks. It is continually updated throughout the portfolio life cycle. As a portfolio manager, you know that the risk register includes all of the following except
Options
- AProbability Impact Assessment
- BList of potential responses
- CUpdated risk categories
- DPerson who Identified the risk
How the community answered
(46 responses)- A2% (1)
- B2% (1)
- C7% (3)
- D89% (41)
Explanation
The risk register does NOT include the person who identified the risk. Standard risk register components include: risk description, probability and impact assessment (A), list of potential responses (B), updated risk categories (C), risk owner, risk status, and trigger conditions. The focus of the risk register is on managing and responding to risks going forward - tracking the originator of a risk entry is not a standard field. The risk owner (who is responsible for managing it) is tracked, but the identifier (who first raised it) is not.
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