PMI Risk Management Professional (PMI-RMP) — Question 16

The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?

Answer options

• A. Scheduled, budgeted, and easy for project stakeholders to understand
• B. Cost-effective, validated by Monte Carlo analysis, and assigned
• C. Iterative, scaled to the project, and addressing threats and opportunities
• D. Timely, cost-effective, agreed-upon, and accepted

Correct answer: D

Explanation

The correct answer, D, highlights that the risk response strategies must be timely, cost-effective, and accepted by all stakeholders to ensure effective implementation. Options A and B focus on clarity and validation which, while important, do not guarantee consensus or acceptance. Option C emphasizes a flexible approach but misses the essential aspect of agreement and acceptance among stakeholders.