Project Management Professional (PMP) — Question 401

An agile team is in the early phases of the development cycle for a project; however, they have already begun to deliver functionality to the customer. The team has identified risks to the project and are working on developing the mitigation strategy.

What should the project manager do next?

Answer options

• A. Escalate the risk to the project sponsor and steering committee.
• B. Implement the risk mitigation strategy according to the highest impact.
• C. Incorporate and prioritize the risks in the risk register according to impact.
• D. Determine if any of the new risks have any financial impact.

Correct answer: C

Explanation

The correct answer, C, is important because it ensures that risks are documented and prioritized based on their potential impact, allowing for effective management. Options A and D do not address the immediate need to organize and prioritize risks, while B may not be effective without first assessing and cataloging the risks in the risk register.