PMI-RMP · Question #98
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now…
The correct answer is C. Risk monitoring and controlling. Risk Monitoring and Controlling (also called Monitor Risks in newer PMBOK editions) is the correct answer. This process is responsible for tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their…
Question
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?
Options
- ARisk planning
- BRisk identification
- CRisk monitoring and controlling
- DRisk analysis
How the community answered
(39 responses)- A5% (2)
- C92% (36)
- D3% (1)
Explanation
Risk Monitoring and Controlling (also called Monitor Risks in newer PMBOK editions) is the correct answer. This process is responsible for tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project. It specifically involves watching for new risks that emerge, reassessing previously identified risks as circumstances change, and closing out risks that are no longer relevant or have passed. Risk Planning (A) sets up how risk management activities will be performed. Risk Identification (B) is the process of finding and documenting risks - it is an input process, not a monitoring one. Risk Analysis (D) evaluates the characteristics of identified risks but does not continuously track changing risk status across the project lifecycle.
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