What is the primary basis for prioritizing portfolio risks?

The date the risk was first identified

The risk score derived from probability and impact

The alphabetical order of risk names

The number of words in the risk description

A portfolio risk manager needs to communicate the current risk profile to the steering committee, which includes members with varying levels of risk expertise. The committee will make decisions about resource allocation and risk responses. Which communication approach is most effective?

Share the risk information only with the portfolio sponsor to avoid overwhelming other members.

Send the full risk register with all detailed analysis to the committee members via email.

Provide only the top 10 risks with their scores and no additional context.

Present a summarized risk report with a heat map, top risks, and recommended actions, and discuss it in a meeting.

A portfolio risk manager needs to communicate a newly identified high-impact risk to the steering committee. The committee is meeting in two days, and the risk manager has not yet completed a full analysis. The risk could affect the portfolio's ability to meet its strategic objectives. What should the risk manager do?

Include the risk in the next monthly risk report without special attention.

Present the risk to the portfolio sponsor only and let the sponsor decide whether to inform the committee.

Send an email to the committee with a preliminary risk assessment and request an urgent meeting.

Wait until the next scheduled committee meeting to present the risk with a complete analysis.

What is the primary purpose of communicating portfolio risk information?

To support decision-making by stakeholders

To document risks for historical purposes

To satisfy regulatory requirements only

To assign blame for risk occurrences

When prioritizing portfolio risks, which additional factor should be considered alongside probability and impact?

The number of stakeholders who reported the risk

The risk owner's personal preference

The color of the risk in the register

PMIPortfolio Management Professional (PfMP)

Domain 4Objective 5

Task 5 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 32 practice questions to prepare you well beyond it. (estimate)

32questions here

7free pages

8concepts

15%of the exam

Questions 16–20

16foundation · easy
What is the primary basis for prioritizing portfolio risks?
Select an answer first
17application · medium
A portfolio risk manager needs to communicate the current risk profile to the steering committee, which includes members with varying levels of risk expertise. The committee will make decisions about resource allocation and risk responses. Which communication approach is most effective?
Select an answer first
18expert · medium
A portfolio risk manager needs to communicate a newly identified high-impact risk to the steering committee. The committee is meeting in two days, and the risk manager has not yet completed a full analysis. The risk could affect the portfolio's ability to meet its strategic objectives. What should the risk manager do?
Select an answer first
19foundation · easy
What is the primary purpose of communicating portfolio risk information?
Select an answer first
20foundation · easy
When prioritizing portfolio risks, which additional factor should be considered alongside probability and impact?
Select an answer first

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