PMI-RMP · Question #28
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have…
The correct answer is A. Risks with low probability and low impact are recorded in awatchlist for future monitoring. Risks with low probability and low impact are recorded in a watchlist for future monitoring. A watchlist is a simple log of low-priority risks that are not worth active management at the current time but should be reviewed periodically in case conditions change-exactly Nancy's…
Question
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?
Options
- ARisks with low probability and low impact are recorded in awatchlist for future monitoring.
- BAll risks, regardless of their assessed impact and probability, are recorded in the risk log.
- CRisk identification is an iterative process so any changes to the low probability and low impact risks will be
- DAll risks are recorded in the risk management plan.
How the community answered
(48 responses)- A90% (43)
- B6% (3)
- C2% (1)
- D2% (1)
Explanation
Risks with low probability and low impact are recorded in a watchlist for future monitoring. A watchlist is a simple log of low-priority risks that are not worth active management at the current time but should be reviewed periodically in case conditions change-exactly Nancy's concern. They are not ignored but kept visible. Recording all risks in the risk log (B) or risk management plan (D) regardless of priority is not standard practice-only significant risks receive active planning. Option C misrepresents the iterative process; iteration means re-evaluating risks over time, but low-priority risks still need a tracking home, which is the watchlist.
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