PMI Risk Management Professional (PMI-RMP) — Question 78

A project manager is developing the risk management process and schedules a risk planning workshop at the start of the project. Upon receiving the invitation, a senior stakeholder emails the project manager stating that a risk management plan is not needed since this is a small project, and lack of a plan will reduce costs.
Which of the following should the project manager do?

Answer options

• A. Advise the stakeholder that risk management is a valuable undertaking and must be applied to all projects to some degree.
• B. Cancel the workshop, as the stakeholder is senior and risk management is an optional process, especially on smaller projects.
• C. Continue with the workshop, but remove the stakeholder from the list of attendees.
• D. Review the scope in an attempt to save money in other areas of the project to provide funding for the risk management activities.

Correct answer: A

Explanation

The correct answer is A because risk management is essential for all projects, regardless of size, and helps identify potential issues proactively. Option B is incorrect as cancelling the workshop undermines the risk management process. Option C is not advisable because involving all relevant stakeholders is crucial for effective risk management. Option D misallocates focus by attempting to cut costs elsewhere instead of addressing the importance of risk management.