What are the supporting elements for effective risk management?

The correct answer is C. Competent people, supportive organization, simple scalable process, and tools and techniques. According to PMI risk management frameworks, the four pillars that enable effective risk management are: (1) Competent people-individuals with the skills and knowledge to identify, assess, and respond to risk; (2) Supportive organization-a culture and structure that encourages…

Risk Strategy and Planning

Question

Options

ATrained core people, matrix organization, simple scalable process, and tools and techniques
BCompetent people, collaborative organization, rigorous process, and tools and techniques
CCompetent people, supportive organization, simple scalable process, and tools and techniques
DCompetent people, functional organization, policy, and tools and techniques

How the community answered

(20 responses)

A
5% (1)
C
95% (19)

Explanation

According to PMI risk management frameworks, the four pillars that enable effective risk management are: (1) Competent people-individuals with the skills and knowledge to identify, assess, and respond to risk; (2) Supportive organization-a culture and structure that encourages transparency about risks rather than hiding them; (3) Simple scalable process-a risk process that is easy to apply across projects of different sizes and complexities; and (4) Tools and techniques-appropriate software, templates, and analytical methods. Option A replaces 'competent' with 'trained core' and 'supportive' with 'matrix organization,' which are too narrow. Option B uses 'rigorous process,' which is less accurate than 'simple scalable.' Option D substitutes 'functional organization' and 'policy,' which do not reflect the standard framework.

Topics

#Effective Risk Management#Enabling Factors#Organizational Support#Risk Management Principles

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice