A risk manager for a financial organization is assigned to support a project team in developing a custom software solution to manage loans. Which document should the risk manager request first from th

The correct answer is A. Risk management plan. The risk management plan is the first document the risk manager should request because it defines the methodology, risk categories, roles, responsibilities, thresholds, and processes for how risk management will be conducted on the project. Without this foundational document, the

Risk Strategy and Planning

Question

A risk manager for a financial organization is assigned to support a project team in developing a custom software solution to manage loans. Which document should the risk manager request first from the project sponsor to identify major risks?

Options

ARisk management plan
BClients' credit scores
COrganization's mission and vision
DHistorical data from the credit portfolio

How the community answered

(34 responses)

A
88% (30)
B
6% (2)
C
3% (1)
D
3% (1)

Explanation

The risk management plan is the first document the risk manager should request because it defines the methodology, risk categories, roles, responsibilities, thresholds, and processes for how risk management will be conducted on the project. Without this foundational document, the risk manager has no structured framework within which to identify major risks. Clients' credit scores (B) and historical credit portfolio data (D) are operational inputs that may inform specific risk identification later but are not the starting point. The organization's mission and vision (C) are too high-level and do not provide actionable guidance for project-level risk identification.

Topics

#Risk Management Plan#Risk Identification#Project Planning#Risk Strategy

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice