A portfolio manager has implemented a risk response to mitigate a regulatory risk by adding compliance checks to several initiatives. Six months later, the regulatory environment has changed, and the compliance checks are no longer sufficient. What should the portfolio manager do?

Continue with the existing response because it was approved by the governance board.

Escalate the issue to the project managers and let them decide on new responses.

Close the risk because the response has been implemented.

Update the risk assessment and adjust the risk response to align with the new regulatory requirements.

Which of the following is an output of implementing portfolio risk responses?

Risk probability and impact matrix

Updated portfolio plans and documents

Which activity is part of monitoring portfolio risks?

Creating the risk management plan

Reviewing risk response effectiveness

In portfolio risk analysis, what does assessing the 'interdependencies' of risks primarily involve?

Calculating the average likelihood of all risks

Ranking risks solely by their individual impact

Assigning each risk to a single owner

Determining how one risk may trigger or amplify another

A portfolio manager has developed a risk response to mitigate a cybersecurity risk by implementing new security protocols across all initiatives. What is the most important action to ensure the response is effectively implemented?

Document the response in the risk register and consider it complete.

Wait for the next portfolio review to check if the response is needed.

Communicate the response to all initiative managers and ask them to implement it voluntarily.

Allocate the necessary budget and resources, and assign owners for each implementation task.

PMIPortfolio Management Professional (PfMP)

Domain 4Objective 4

Task 4 PFMP Practice Questions (Page 4)

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 28 practice questions to prepare you well beyond it. (estimate)

28questions here

6free pages

7concepts

15%of the exam

Questions 16–20

16application · medium
A portfolio manager has implemented a risk response to mitigate a regulatory risk by adding compliance checks to several initiatives. Six months later, the regulatory environment has changed, and the compliance checks are no longer sufficient. What should the portfolio manager do?
Select an answer first
17foundation · easy
Which of the following is an output of implementing portfolio risk responses?
Select an answer first
18foundation · easy
Which activity is part of monitoring portfolio risks?
Select an answer first
19foundation · easy
In portfolio risk analysis, what does assessing the 'interdependencies' of risks primarily involve?
Select an answer first
20application · medium
A portfolio manager has developed a risk response to mitigate a cybersecurity risk by implementing new security protocols across all initiatives. What is the most important action to ensure the response is effectively implemented?
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.