PMI Risk Management Professional (PMI-RMP) — Question 180
A risk manager is part of a team overseeing the development of a mobile application for a client with tight deadlines. The team has identified a long list of potential risks, ranging from technical challenges to user adoption issues. Stakeholders have emphasized the need to focus only on the most critical risks to avoid delays in decision-making.
What should the risk manager do?
Answer options
- A. Focus on the risks that have occurred most frequently in past projects to guide decision-making.
- B. Assess risks using a consistent method to determine importance and prioritize actions.
- C. Document all risks and address only those flagged by the project sponsor.
- D. Rely solely on stakeholder feedback to rank the risks based on urgency.
Correct answer: B
Explanation
The correct answer is B because it emphasizes the need for a systematic approach to risk assessment, allowing the team to prioritize based on significance. Option A is flawed as past occurrences may not reflect current project circumstances, while C does not consider the full range of risks, and D overly relies on subjective stakeholder opinions without a structured assessment.