PMI Risk Management Professional (PMI-RMP) — Question 107

Which of the following should the risk manager consider as external environmental factors when creating the risk management plan?

Answer options

• A. Government regulations, industry best practice templates, organizational standard processes, and competitor landscape
• B. Government regulations, industry standards, conditions of the marketplace, and competitor landscape
• C. Government regulations, risk categories, organizational standard processes, and competitor landscape
• D. Government regulations, human resource policies and procedures, organizational standard processes, and competitor landscape

Correct answer: B

Explanation

Option B is correct as it includes industry standards and marketplace conditions, which are key external factors that influence risk management. The other options include internal processes or categories that do not fit into the external environmental factors needed for a comprehensive risk management plan.