PMI Risk Management Professional (PMI-RMP) — Question 50

A project manager has been assigned to a project that is just starting. The organization has a very low risk appetite towards this project due to constraints on budget and schedule. The project stakeholders are very engaged on the project and want to ensure that there is clear visibility on the project risks and progress.

How should the project manager handle stakeholder expectations?

Answer options

• A. Discuss the risk response strategies with the stakeholders.
• B. Ensure the risk register includes all identified risks.
• C. Develop a communication plan to share updates on risks.
• D. Add buffers to the schedule to accommodate risk.

Correct answer: C

Explanation

The correct answer is C, as developing a communication plan is essential for keeping stakeholders informed about risks and progress. While discussing risk response strategies (A) and ensuring the risk register is comprehensive (B) are important, they do not directly address stakeholder visibility. Adding buffers (D) addresses risk management but does not fulfill the need for communication and transparency with stakeholders.