PMI
PMI-RMP · Question #475
During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk. What shoul
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Risk Monitoring and Reporting
Question
During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk. What should the risk manager do to handle this situation?
Options
- ARevisit this risk in the risk register and redefine the mitigation strategy.
- BActivate the contingency plan to handle this risk during execution.
- CMark this new risk as an extremely high priority and inform all stakeholders.
- DAsk the project sponsor for more budget to deal with this risk.
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Topics
#Risk monitoring#Residual risk#Stakeholder communication#Risk prioritization