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Question 37 - PMI-RMP discussion

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While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.

What should the project manager do next?

A.

Identify secondary or residual risks for associated risk plans.

Answers
A.

Identify secondary or residual risks for associated risk plans.

B.

Develop risk response plans for all identified risks.

Answers
B.

Develop risk response plans for all identified risks.

C.

Update the communications management plan to avoid future issues

Answers
C.

Update the communications management plan to avoid future issues

D.

Monitor and control secondary and residual risks in the risk register.

Answers
D.

Monitor and control secondary and residual risks in the risk register.

Suggested answer: A

Explanation:

The project manager should monitor and control secondary and residual risks in the risk register. This will ensure that any new risks identified during the implementation of the risk response plan are captured and managed effectively. Monitoring and controlling risks is a continuous process that helps in identifying, analyzing, and planning for new risks as well as updating the risk register as needed.

According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline, one of the tasks under the domain of Risk Response Planning is to ''identify and assess the effectiveness of alternative strategies to reduce threats or enhance opportunities, such as mitigation, transference, avoidance, and acceptance''1. This implies that the project manager should also consider the potential secondary or residual risks that may arise from implementing the chosen risk response strategy.Secondary risks are new risks that are created as a direct result of implementing a risk response, while residual risks are those that remain after the risk response has been executed2. Both types of risks should be identified and assessed for their impact and probability, and added to the risk register for further monitoring and control. Therefore, the correct answer is A.

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asked 14/11/2024
Franklin Adama
45 questions
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