ExpertHard1 markMultiple Choice
PMP · Question 012 · Task 3: Assess and manage risks
A project manager is creating a risk management plan for a complex infrastructure project. The sponsor asks why the project manager is spending so much time on this when the project hasn't even started execution. What is the BEST response?
A project manager is creating a risk management plan for a complex infrastructure project. The sponsor asks why the project manager is spending so much time on this when the project hasn't even started execution. What is the BEST response?
Answer options:
A.
Risk management is a mandatory requirement of the PMBOK Guide.
B.
It is necessary to identify all risks before execution begins.
C.
Early risk planning minimizes the impact of threats and maximizes opportunities, protecting project value.
D.
The insurance company requires a detailed risk register for coverage.
How to approach this question
Choose the answer that links the process to Business Value.
Full Answer
C.Early risk planning minimizes the impact of threats and maximizes opportunities, protecting project value.✓ Correct
C
The PM must justify processes by linking them to value delivery. Risk management is about increasing the probability of success (Value).
Common mistakes
Choosing A (Dogmatic) or B (Technically incorrect - risk is iterative).
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