PMI-RMP · Question #80
Stephen is the project manager of the GBB project. He has worked with two subject matter experts and his project team to complete the risk assessment technique. There are approximately 47 risks that…
The correct answer is A. The low probability and low impact risks should be added to awatchlist for future monitoring. Low probability and low impact risks should be placed on a watchlist-a section of the risk register used to monitor minor risks that do not warrant immediate response planning. They are not dismissed (B) because circumstances can change and a low-risk event today could…
Question
Stephen is the project manager of the GBB project. He has worked with two subject matter experts and his project team to complete the risk assessment technique. There are approximately 47 risks that have a low probability and a low impact on the project. Which of the following answers best describes what Stephen should do with these risk events?
Options
- AThe low probability and low impact risks should be added to awatchlist for future monitoring.
- BBecause they are low probability and low impact, the risks can be dismissed.
- CThe low probability and low impact risks should be added to the risk register.
- DBecause they are low probability and low impact, Stephen should accept the risks.
How the community answered
(32 responses)- A78% (25)
- B13% (4)
- C6% (2)
- D3% (1)
Explanation
Low probability and low impact risks should be placed on a watchlist-a section of the risk register used to monitor minor risks that do not warrant immediate response planning. They are not dismissed (B) because circumstances can change and a low-risk event today could escalate. They should indeed be added to the risk register (C) as part of the watchlist, but answer A is more precise in describing what to do with them specifically. Acceptance (D) is a valid risk strategy, but for low/low risks the standard practice is watchlist monitoring rather than formal acceptance with a contingency reserve. The watchlist allows periodic review without consuming significant risk management effort.
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