PMI Risk Management Professional (PMI-RMP) — Question 116

In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to project cancellation.
Why should a mitigation plan be developed for this risk?

Answer options

• A. This is a financial risk.
• B. This task is on the critical path.
• C. A response plan should be developed for all risks.
• D. This is a high-priority risk.

Correct answer: D

Explanation

The correct answer is D because the risk of customs delays is significant enough to potentially cancel the project, making it a high-priority risk that requires a mitigation plan. While A, B, and C may be relevant in other contexts, they do not specifically address the urgency and importance of mitigating a risk that could lead to project failure.