PMI-RMP Question #588: Real Exam Question with Answer & Explanation

Question

An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan. How should the risk manager address this concern?

Options

• ARisks are documented to the practicable extent possible.
• BProbability of the risk was very low. so the risk was not documented.
• CImpact of the risk was assessed to be insignificant, so the risk was not documented.
• DA similar risk never occurred in the past, so it was not considered.

Explanation

In risk management, it is standard practice to document risks to the extent that they are identifiable and reasonably foreseeable. If an undocumented risk is realized, the risk manager should address the concern by explaining that risks are documented to the practicable extent possible. This means that while every effort is made to identify and document risks, some risks may not be captured due to their low probability, lack of historical precedence, or other factors. PMI's guidelines on risk management recognize that not all risks can be foreseen and documented, and risk management processes should focus on those risks that are most likely to impact the project.

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