PMI-RMP Question #562: Real Exam Question with Answer & Explanation

Question

The project manager reviews project risks with the risk manager to update, monitor, and close risks in the risk register. The project manager determines one of the risks has a residual risk. How should the risk manager document the impact of the residual risk?

Options

• AUtilize change management tools to request a budget increase from the project sponsor and
• BChange the risk identification and description on the risk register to reflect the fact that the residual
• CClose the risk's status on the risk register since the residual risk has now materialized.
• DReview the impact of the residual risk against the budget reserves and document the update in the

Explanation

In risk management, when a residual risk is identified, it is crucial to reassess its impact on the project's overall risk profile. Residual risks are those risks that remain even after all mitigation strategies have been applied.

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