PFMP · Question #551
PFMP Question #551: Real Exam Question with Answer & Explanation
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Question
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following may be the responsibility of a risk owner when it comes to managing risks?
Options
- ASelect primary and alternative strategies
- BMake decisions to choose the most appropriate response strategy or mix of strategies and
- CAll of the options
- DDevelop contingency plans and identify the conditions which trigger their execution
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