PMI-RMP Risk Communication and Reporting 2 — Questions and Answers
Question 1: Which element of effective risk communication ensures that the right people receive the right risk information at the right time?
- Risk audits
- Communications management plan aligned with the risk management plan (Correct answer)
- Procurement strategy
- Resource histogram
Correct answer: Communications management plan aligned with the risk management plan
Aligning the communications management plan with the risk management plan ensures appropriate distribution of risk information to the correct stakeholders.
Question 2: A risk manager notices that team members are not reporting risks because they fear blame. What should the risk manager do?
- Penalize those who fail to report
- Foster a psychologically safe culture where risk reporting is encouraged (Correct answer)
- Report all risks themselves
- Eliminate the risk register
Correct answer: Foster a psychologically safe culture where risk reporting is encouraged
A blame-free environment promotes open risk identification and timely reporting, which is fundamental to effective risk management.
Question 3: What does a 'watch list' represent in risk reporting?
- Risks that have already occurred and become issues
- Low-priority risks monitored but not actively managed (Correct answer)
- Stakeholders who need to review every risk
- Approved change requests
Correct answer: Low-priority risks monitored but not actively managed
A watch list contains lower-priority risks that are tracked passively and revisited if conditions change.
Question 4: Which metric is commonly included in a risk report to convey overall project risk exposure?
- Number of team members
- Expected monetary value (EMV) of threats and opportunities (Correct answer)
- Number of change requests
- Earned value cost performance index
Correct answer: Expected monetary value (EMV) of threats and opportunities
EMV aggregates probability-weighted monetary impacts across all risks, providing a single figure that represents overall exposure.
Question 5: A risk manager is preparing an executive dashboard. Which presentation style is most appropriate for senior leadership?
- Detailed technical analysis with raw data tables
- High-level summary with key risk indicators and trend arrows (Correct answer)
- Full risk register printout
- Probability distributions for every risk
Correct answer: High-level summary with key risk indicators and trend arrows
Executives need concise, visual summaries with trend information rather than detailed technical data.
Question 6: What is the purpose of a risk burndown chart in agile-influenced projects?
- To track story point completion
- To show the trend in overall risk exposure decreasing over time (Correct answer)
- To monitor sprint velocity
- To log defects
Correct answer: To show the trend in overall risk exposure decreasing over time
A risk burndown chart visualizes whether the project's total risk exposure is declining over iterations as responses are implemented.
PMI-RMP Risk Communication and Reporting 2
Which element of effective risk communication ensures that the right people receive the right risk information at the right time?