During risk response monitoring, what should the portfolio manager do if a risk response is not achieving its intended effect?

Continue with the response as planned to avoid changing the portfolio

Remove the risk from the risk register

Escalate the risk to the project sponsor for decision

Adjust the response or select a new response to address the risk

What is the purpose of monitoring risk responses in a portfolio?

To document risk responses for future reference

To ensure that risk responses are effective and to adjust them when necessary

To assign blame if a risk response fails

To identify all risks before they occur

Which activity is part of implementing risk responses in a portfolio?

Assigning owners and resources to execute the planned risk responses

Communicating risk response outcomes to stakeholders

Identifying new risks that emerge during implementation

Evaluating the effectiveness of risk responses after completion

A portfolio risk response plan includes a mitigation action to cross-train staff on a critical legacy system. The action is assigned to a program manager, but the portfolio manager notices the action has not started. What should the portfolio manager do first?

Reassign the action to another program manager who has more availability

Escalate the issue to the portfolio steering committee

Remove the risk response from the plan because it is not being executed

Meet with the program manager to identify obstacles and agree on a revised timeline

A portfolio risk response to mitigate a financial risk was implemented, and the risk score has decreased. However, the portfolio manager discovers that the response has introduced a new risk of similar impact. What should the portfolio manager do?

Ignore the new risk because it is a secondary risk

Accept the new risk because the original risk is reduced

Remove the response because it introduced a new risk

Evaluate the new risk and determine if the overall portfolio risk has decreased

PMIPortfolio Management Professional (PfMP)

Domain 4Objective 2

Task 2 PFMP Practice Questions (Page 3)

Part of the Portfolio Risk Management domain, which accounts for 15% of the PFMP exam. PMI does not publish an official question count, but from its 240-minute exam (~95–160 total, ~14–24 in this domain), expect 2–4 from this objective — we provide 25 practice questions to prepare you well beyond it. (estimate)

25questions here

5free pages

4concepts

15%of the exam

Questions 11–15

11foundation · easy
During risk response monitoring, what should the portfolio manager do if a risk response is not achieving its intended effect?
Select an answer first
12foundation · easy
What is the purpose of monitoring risk responses in a portfolio?
Select an answer first
13foundation · easy
Which activity is part of implementing risk responses in a portfolio?
Select an answer first
14application · medium
A portfolio risk response plan includes a mitigation action to cross-train staff on a critical legacy system. The action is assigned to a program manager, but the portfolio manager notices the action has not started. What should the portfolio manager do first?
Select an answer first
15expert · hard
A portfolio risk response to mitigate a financial risk was implemented, and the risk score has decreased. However, the portfolio manager discovers that the response has introduced a new risk of similar impact. What should the portfolio manager do?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to PFMP

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PMI. “PFMP” is a trademark of its owner, used for identification only.