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PMI-RMP · Question #567

PMI-RMP Question #567: Real Exam Question with Answer & Explanation

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Risk Strategy and Planning

Question

A project manager for a large product development project assigned a risk manager to perform the risk management. The project sponsor questions why this project requires a risk manager as it is similar to a previous project with a developed risk strategy. How should the risk manager explain the need for a risk strategy specific to this project?

Options

  • AA risk strategy is a best practice and ensures quality in the project planning.
  • BA project specific risk strategy includes enough information to respond to audits and compliance
  • CA risk strategy ensures alignment of the organizational structure to the specific project.
  • DA risk strategy aligns individual project risk thresholds with organizational risk appetite.

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Topics

#Risk Strategy#Organizational Risk Appetite#Project Risk Thresholds#Risk Management Justification
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