Task 6 PFMP Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   What is the primary purpose of communicating risk response status and outcomes to relevant stakeholders?

   • ATo persuade stakeholders to accept all risks
   • BTo demonstrate that the portfolio manager is competent
   • CTo ensure stakeholders are informed and can make timely decisions
   • DTo satisfy the requirements of external auditors
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   A portfolio manager is documenting a risk response that was implemented and has reduced a risk. What should be included in the documentation to support future risk management?

   • AThe budget spent on the response.
   • BOnly the risk's initial score and the final score.
   • CThe response actions taken, the outcomes achieved, and lessons learned.
   • DA list of stakeholders who were informed.
   Reveal Solution Discussion Select an answer first
4. 3application · medium

   A portfolio manager has selected a risk response that requires reallocating a key resource from one project to another for two weeks. The affected project sponsor is resistant. What should the portfolio manager do first?

   • AEscalate the issue to the portfolio governance board immediately.
   • BCommunicate the rationale and expected benefits of the response to the sponsor, and seek alignment.
   • CProceed with the reallocation because the portfolio manager has authority.
   • DRe-evaluate the risk response to avoid the conflict.
   Reveal Solution Discussion Select an answer first
5. 4expert · hard

   A portfolio risk response was implemented to reduce the impact of a potential cyberattack. Six months later, the risk level has decreased, but the response is consuming more resources than planned. The portfolio's risk threshold is still being met. What should the portfolio manager do?

   • AContinue the response as is, since the risk threshold is met, but monitor resource consumption closely.
   • BClose the risk because the threshold is met.
   • CIncrease the response's resources to ensure the risk stays low.
   • DImmediately reduce the response's resources to bring costs back to plan.
   Reveal Solution Discussion Select an answer first
6. 5application · medium

   A portfolio manager has just completed a risk response planning session for a new portfolio risk. What documentation should be created to support transparency and future risk management?

   • AA risk response plan that includes the selected response, rationale, owner, and expected outcomes.
   • BA verbal summary in the next portfolio review meeting.
   • CA risk register update that only lists the risk and its score.
   • DA brief email to the portfolio governance board summarizing the session.
   Reveal Solution Discussion Select an answer first