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PMI-RMP · Question #141

Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating…

The correct answer is C. At every status meeting the project team project risk management is an agenda item. PMI best practices require risk management to be an ongoing activity throughout the project, with risk reassessment included as a standing agenda item at every status meeting.

Risk Monitoring and Reporting

Question

Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?

Options

  • AProject risk management is scheduled for every month in the 18-month project.
  • BProject risk management has been concluded with the project planning.
  • CAt every status meeting the project team project risk management is an agenda item.
  • DProject risk management happens at every milestone.

How the community answered

(49 responses)
  • A
    4% (2)
  • C
    94% (46)
  • D
    2% (1)

Why each option

PMI best practices require risk management to be an ongoing activity throughout the project, with risk reassessment included as a standing agenda item at every status meeting.

AProject risk management is scheduled for every month in the 18-month project.

Scheduling risk review only monthly may create gaps where emerging risks go undetected between meetings, which does not align with the best practice of continuous reassessment.

BProject risk management has been concluded with the project planning.

Risk management does not end with project planning - it is an ongoing process that must continue throughout the entire project lifecycle as conditions and risks evolve.

CAt every status meeting the project team project risk management is an agenda item.Correct

According to PMI best practices, risk management is a continuous process that does not end after planning. Including risk reassessment at every status meeting ensures the team identifies new risks, monitors existing ones, and adjusts responses in a timely manner. This ongoing cadence reflects the iterative nature of risk management across the full project lifecycle.

DProject risk management happens at every milestone.

Reviewing risks only at milestones is insufficient because risks can emerge or change at any point, not just at predetermined project checkpoints.

Concept tested: Continuous risk monitoring and reassessment throughout project

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Risk reassessment#Risk monitoring#Continuous risk management#Project best practices

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