PMP Practice Questions #155
You have been assigned to an ongoing project that has several unresolved issues from the risk compliance group’s observations. The compliance group plans to conduct a new risk audit next week. You aim to resolve the issues from the previous audit before this new one. The issue has been escalated to the sponsor, who wants to know the frequency of planned risk audits for the project. Where can you find this information?
A. Consult with the compliance group about past audits to derive the frequency.
B. Study the risk register to find the last review dates.
C. Review the communication management plan for the frequency of risk reports.
D. Examine the Risk Management Plan for this information.
Analysis
In this scenario, you have been assigned to an ongoing project with several unresolved issues from the risk compliance group’s observations. A new risk audit is planned for next week, and you aim to resolve previous audit issues before then. The sponsor, who has been informed of the issue, wants to know the frequency of planned risk audits for the project. The key question is where to find this information.
Analysis of Options:
Option A: Consult with the compliance group about past audits to derive the frequency. While consulting with the compliance group can provide insights based on past audits, this approach is not systematic or reliable. As a project manager, relying solely on consultations rather than documented plans may lead to incomplete or inaccurate information. It is better to refer to formal project documentation for definitive details.
Option B: Study the risk register to find the last review dates. The risk register typically records individual risks and their status, including review dates. However, it does not necessarily contain information about the frequency of risk audits. The risk register focuses on tracking and managing risks, not on the scheduling of audits, making it an insufficient source for this specific information.
Option C: Review the communication management plan for the frequency of risk reports. The communication management plan outlines how project information, including risk reports, is communicated to stakeholders. While it might include details about the frequency of reporting risk findings, it is unlikely to specify the frequency of risk audits. This plan is more concerned with the flow of information rather than scheduling specific risk management activities.
Option D: Examine the Risk Management Plan for this information. The Risk Management Plan is the appropriate document to consult. It details the approach, tools, and procedures for managing risks, including the frequency of risk audits. This plan covers all aspects of risk management processes and procedures, making it the definitive source for information about scheduled audits and other risk-related activities.
Conclusion: The best source to find the frequency of planned risk audits is Option D: Examine the Risk Management Plan for this information. This plan provides comprehensive guidance on risk management activities, including the scheduling and frequency of risk audits, ensuring you have the most accurate and systematic information.
PMP Exam Content Outline Mapping
| Domain | Task |
|---|---|
| Process | Task 3: Assess and manage risks |
Topics Covered
- Risk Regitser
- Risk Audit
- Risk Management Plan
