PFMP · Question #522
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. Roles and Responsibilities for risk management. A Portfolio Risk Management Plan is a component of the Portfolio Management Plan that defines how risk management activities will be structured and performed. Per PMI standards, its typical contents include: roles and responsibilities for risk management, risk categories, risk pr
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 have just finalized the development of the risk management plan. What do you normally expect to find in a Portfolio Risk Management Plan?
Options
- ACommunication policies/constraints
- BOrganizational risk tolerance
- CGovernance Model
- DRoles and Responsibilities for risk management
How the community answered
(32 responses)- A6% (2)
- B3% (1)
- C3% (1)
- D88% (28)
Explanation
A Portfolio Risk Management Plan is a component of the Portfolio Management Plan that defines how risk management activities will be structured and performed. Per PMI standards, its typical contents include: roles and responsibilities for risk management, risk categories, risk probability and impact definitions, revised stakeholders' tolerances, and reporting formats. 'Roles and Responsibilities for risk management' (D) is a standard, explicitly documented element of the plan. 'Communication policies/constraints' (A) belong in the Communication Management Plan. 'Organizational risk tolerance' (B) is an input to creating the plan, not content within it. 'Governance Model' (C) is part of the Portfolio Governance Plan, not the Risk Management Plan.
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