PMP · Question 21 · Task 3: Assess and manage risks
A project manager is reviewing the project's risk register and notices that a risk identified three months ago as 'low probability, high impact' has not been reassessed despite significant changes in the external business environment. The risk involves potential regulatory changes that could affect 60% of the project deliverables. What should the project manager do?
Answer options:
Continue monitoring the risk since it was assessed as low probability
Reassess the risk probability and impact based on current external business environment conditions
Escalate the risk to senior management due to its high impact rating
Remove the risk from the register since it hasn't materialized in three months
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