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PMI-RMP · Question #531
When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The CEO decides to create a new centralized risk managem
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Risk Monitoring and Reporting
Question
When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The CEO decides to create a new centralized risk management function to help resolve the problem. How does centralizing the risk management function help resolve the problem?
Options
- AEnhance the process of identification of different Individual project risks.
- BAllows monitoring the impact against the overall project risk exposure.
- CEstablishes risk sources and ownership for trigger monitoring.
- DCreates a single repository for all project risk documents.
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Topics
#Centralized risk management#Risk reporting#Overall project risk#Risk monitoring