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PMI-RMP · Question #273

You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be appl

The correct answer is D. It is a risk that remains after planned risk responses are taken.. Residual risk is defined as the risk that remains after planned risk responses have been implemented, not risk that is unaddressed.

Risk Strategy and Planning

Question

You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?

Options

  • AIt is a risk that can not be addressed by a risk response.
  • BIt is a risk that will remain no matter what type of risk response is offered.
  • CIt is a risk that remains because no risk response is taken.
  • DIt is a risk that remains after planned risk responses are taken.

How the community answered

(19 responses)
  • A
    5% (1)
  • C
    5% (1)
  • D
    89% (17)

Why each option

Residual risk is defined as the risk that remains after planned risk responses have been implemented, not risk that is unaddressed.

AIt is a risk that can not be addressed by a risk response.

This is incorrect because residual risk is not necessarily unaddressable - it is simply the remainder after a response has already been applied.

BIt is a risk that will remain no matter what type of risk response is offered.

This overstates the definition; residual risk is not immune to all responses but rather is what persists after a chosen response is implemented.

CIt is a risk that remains because no risk response is taken.

This describes a situation where no response is taken at all, which is risk acceptance, not the definition of residual risk.

DIt is a risk that remains after planned risk responses are taken.Correct

Residual risk is the remaining risk exposure after risk response strategies have been applied. Even after mitigation, avoidance, or transference, some level of risk may persist - this leftover exposure is the residual risk, and it should be documented and monitored throughout the project.

Concept tested: Definition of residual risk in risk management

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

Topics

#Risk Management#Residual Risk#Risk Response Planning

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