2. You are developing the risk management plan for your project. In support of this process, you
need to determine the acceptable level of overall project risk exposure.
What should you do first?
A. Determine the risk appetites of key project stakeholders
B. Consult the risk exposure register within the organizational process assets
C. Facilitate a brainstorming meeting to develop a comprehensive list of project risks
D. Develop a set of responses to individual project risks to mitigate overall project risk
HINT: Which answer choice describes an activity associated with an element of the risk
management plan?
Question
3. The correct answer is A.
The risk management plan is created as an output of the Plan Risk Management process. Stakeholder risk
appetite is one of the elements which may be included in the risk management plan.
The risk appetites of key stakeholders on the project are recorded in the risk management plan. In
particular, stakeholder risk appetite should be expressed as measurable risk thresholds around each
project objective.
These thresholds will determine the acceptable level of overall project risk exposure. The incorrect answer
choices represent activities which would not likely be conducted as part of the Plan Risk Management
process.
Therefore, among the available options, determining the risk appetites of key stakeholders is the best
answer to the question asked.
Answer
4. All our questions are updated to the latest
A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) standard.
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