PMI Risk Management Professional (PMI-RMP) — Question 148

During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk.

What should the risk manager do to handle this situation?

Answer options

• A. Ask the project sponsor for more budget to deal with this risk.
• B. Revisit this risk in the risk register and redefine the mitigation strategy.
• C. Mark this new risk as an extremely high priority and inform all stakeholders.
• D. Activate the contingency plan to handle this risk during execution.

Correct answer: B

Explanation

The correct answer is B because revisiting the risk in the risk register allows for a reassessment of the situation and a potentially more effective mitigation strategy. Asking for more budget (A) may not address the root cause, marking it as high priority (C) does not change the strategy, and activating the contingency plan (D) is a reactive measure rather than a proactive adjustment.