PMP Practice Questions #173
Jane is managing a project at the XYZ organization. She wants to determine whether the proper risk management policies and procedures are being followed within the project. Which risk activity is she working on?
A. Risk planning
B. Risk auditing
C. Risk identification
D. Risk monitoring
Analysis
In this scenario, Jane is managing a project at XYZ organization and is focused on determining whether the proper risk management policies and procedures are being followed within the project. The question is testing your understanding of different risk management activities and identifying which specific activity Jane is engaged in based on her focus on adherence to policies and procedures.
Analysis of Options:
Option A: Risk planning: Risk planning involves defining how to approach and plan for risk management activities throughout the project. It includes developing a risk management plan that outlines the processes, tools, and techniques that will be used for managing risks. However, this option is not about checking adherence to policies and procedures, so it does not align with what Jane is focusing on.
Option B: Risk auditing: Risk auditing is the process of reviewing and ensuring that the risk management policies, procedures, and plans are being properly implemented and followed within the project. This option directly aligns with Jane’s objective of determining whether the proper risk management practices are being adhered to. It involves an evaluation of the risk management activities to ensure compliance with established policies.
Option C: Risk identification: Risk identification is the process of determining which risks could affect the project and documenting their characteristics. It involves identifying potential risks that could impact the project’s objectives. However, Jane is not focused on identifying new risks but rather on ensuring that existing risk management processes are being followed, making this option irrelevant to her current activity.
Option D: Risk monitoring: Risk monitoring involves tracking identified risks, reassessing their impact and probability, and updating risk responses as necessary. While monitoring includes the ongoing observation of risks, it does not specifically focus on evaluating whether the risk management policies and procedures are being followed. Therefore, this option is not directly aligned with Jane’s task.
Option A: Risk planning: Risk planning involves defining how to approach and plan for risk management activities throughout the project. It includes developing a risk management plan that outlines the processes, tools, and techniques that will be used for managing risks. However, this option is not about checking adherence to policies and procedures, so it does not align with what Jane is focusing on.
Option B: Risk auditing: Risk auditing is the process of reviewing and ensuring that the risk management policies, procedures, and plans are being properly implemented and followed within the project. This option directly aligns with Jane’s objective of determining whether the proper risk management practices are being adhered to. It involves an evaluation of the risk management activities to ensure compliance with established policies.
Option C: Risk identification: Risk identification is the process of determining which risks could affect the project and documenting their characteristics. It involves identifying potential risks that could impact the project’s objectives. However, Jane is not focused on identifying new risks but rather on ensuring that existing risk management processes are being followed, making this option irrelevant to her current activity.
Option D: Risk monitoring: Risk monitoring involves tracking identified risks, reassessing their impact and probability, and updating risk responses as necessary. While monitoring includes the ongoing observation of risks, it does not specifically focus on evaluating whether the risk management policies and procedures are being followed. Therefore, this option is not directly aligned with Jane’s task.
Conclusion: Option B (Risk auditing) is the correct answer. Jane is working on ensuring that the risk management policies and procedures are being properly followed within the project, which is the primary function of a risk audit. While Option D (Risk monitoring) involves ongoing risk assessment, it does not specifically address the adherence to risk management processes and policies, making Option B the most appropriate choice for this scenario.
PMP Exam Content Outline Mapping
| Domain | Task |
|---|---|
| Process | Task 3: Assess and manage risks |
Topics Covered
- Risk Audit
