PFMP · Question #538
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 A. Portfolio Management Plan updates. Risk category, criteria, probability, and impact updates resulting from Developing the Risk Management Plan are captured as Portfolio Management Plan updates.
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. Risk Categories, criteria and probability and impact are updated as a result of Developing the Risk Management Plan. These updates are recorded in which of the following?
Options
- APortfolio Management Plan updates
- BPortfolio Process Assets updates
- COrganizational Process Assets updates
- DPortfolio Reports
How the community answered
(48 responses)- A88% (42)
- B6% (3)
- C4% (2)
- D2% (1)
Why each option
Risk category, criteria, probability, and impact updates resulting from Developing the Risk Management Plan are captured as Portfolio Management Plan updates.
The Portfolio Management Plan contains the portfolio risk management subsidiary plan, which defines risk categories, thresholds, probability and impact scales, and criteria. When these elements are updated during the Develop Portfolio Risk Management Plan process, the output is a Portfolio Management Plan update. This is because the risk management plan is a component of the broader Portfolio Management Plan rather than a standalone organizational asset.
Portfolio Process Assets include templates, historical records, and lessons learned but do not store the live risk criteria and category updates that result from planning.
Organizational Process Assets belong to the broader enterprise and are not the primary output of portfolio-level risk management plan development.
Portfolio Reports are communication outputs that summarize status and performance; they do not record updates to risk management criteria or probability-impact definitions.
Concept tested: Outputs of Develop Portfolio Risk Management Plan process
Source: https://www.pmi.org/pmbok-guide-standards/foundational/portfolio-management
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