PMI Risk Management Professional (PMI-RMP) — Question 177

A project to develop a new offshore wind farm is underway. The project involves multiple contractors, regulatory compliance requirements, and a high environmental impact. During a workshop with stakeholders, the risk manager identifies potential risks. Due to the complexity of the environment, the risk manager suggests that the project team pay close attention to warning signs.

What should the risk manager do?

Answer options

• A. Create tools and techniques to identify the project's risk characteristics.
• B. Establish risk triggers and thresholds based on the project's conditions.
• C. Analyze the project's risk appetite and categorize potential impacts.
• D. Measure the cause and effect based on the project’s environment.

Correct answer: B

Explanation

The correct answer is B because establishing risk triggers and thresholds allows the project team to focus on specific indicators that signal potential risks based on the unique conditions of the project. Option A is incorrect as it focuses on general tools rather than specific triggers. Option C does not address immediate warning signs, and option D is not directly related to managing risks based on environmental complexity.