PMI Risk Management Professional (PMI-RMP) — Question 123

A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation.
Where should the stakeholder look to determine the amount that can be approved?

Answer options

• A. Project charter
• B. Risk management plan
• C. Risk register
• D. Organizational process assets

Correct answer: B

Explanation

The correct answer is B, the Risk management plan, as it outlines how risks will be managed and often includes the budgetary limits for risk responses. The Project charter (A) specifies the project's objectives and constraints, while the Risk register (C) logs identified risks and their statuses, and Organizational process assets (D) include the historical information and lessons learned, but do not typically provide specific funding limits.