A portfolio risk response requires a change in a project's scope, but the project sponsor is hesitant because it may affect the project's benefits. What should the portfolio manager do?

Abandon the response because the sponsor is hesitant.

Escalate to the governance board immediately.

Implement the scope change without consulting the sponsor.

Discuss the portfolio-level risk and the necessity of the response with the sponsor, and document the decision.

During risk response monitoring and control, what is the primary purpose of tracking the effectiveness of implemented risk responses?

To determine if the responses are achieving the desired risk reduction

To update the risk register with new risks

To calculate the exact cost of each risk response

To assign blame if a risk materializes despite the response

Which of the following best describes the purpose of portfolio risk response planning?

To document all risks that have occurred in the portfolio

To identify and select appropriate responses for portfolio-level risks

To assign a risk owner to each portfolio risk

To communicate risk information to stakeholders

Why is it important to document risk response decisions, actions, and outcomes in portfolio management?

To satisfy legal requirements for all portfolios

To replace the need for ongoing risk monitoring

To provide a basis for performance appraisals of portfolio managers

To support transparency and inform future risk management activities

A portfolio manager is documenting a risk response that was selected but later found to be ineffective. The documentation will be used to inform future risk management. What should the documentation include?

A note that the response failed, without details.

The original response decision, the reason it was selected, the outcome, and the lessons learned.

The lessons learned, but not the original decision.

Only the final outcome, since the response was ineffective.

PMIPortfolio Management Professional (PfMP)

Domain 4Objective 6

Task 6 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 28 practice questions to prepare you well beyond it. (estimate)

28questions here

6free pages

5concepts

15%of the exam

Questions 11–15

11application · medium
A portfolio risk response requires a change in a project's scope, but the project sponsor is hesitant because it may affect the project's benefits. What should the portfolio manager do?
Select an answer first
12foundation · easy
During risk response monitoring and control, what is the primary purpose of tracking the effectiveness of implemented risk responses?
Select an answer first
13foundation · easy
Which of the following best describes the purpose of portfolio risk response planning?
Select an answer first
14foundation · easy
Why is it important to document risk response decisions, actions, and outcomes in portfolio management?
Select an answer first
15expert · hard
A portfolio manager is documenting a risk response that was selected but later found to be ineffective. The documentation will be used to inform future risk management. What should the documentation include?
Select an answer first

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