PMI Risk Management Professional (PMI-RMP) — Question 188

During a project's planning phase, the risk manager meets with key stakeholders to define the project's risk management approach. The meetings consist of the executive team, technical experts, and legal advisors. The stakeholders express varying levels of tolerance for different risks. The project sponsor requests the risk manager captures their respective risk tolerance levels.

What should the risk manager do?

Answer options

• A. Define and review risk registers from similar projects.
• B. Engage key stakeholders in a discussion on risk thresholds.
• C. Document risk thresholds based on stakeholders' risk appetites.
• D. Thoroughly review meeting minutes with stakeholders.

Correct answer: C

Explanation

The correct answer is C because documenting risk thresholds based on stakeholders' risk appetites is essential for aligning the project's approach with their expectations. Option A is incorrect as reviewing registers does not directly capture current stakeholders' risk tolerances. Option B, while engaging, does not fulfill the need to formally document the information, and option D focuses on reviewing past discussions rather than capturing new data.