Program Management Professional Program Risk and Issue Management

Question 1

What distinguishes a program-level risk from a project-level risk in PgMP?

Accepted Answer

Program risks affect multiple components, strategic objectives, or benefits realization across the program

Answer

Program risks are always financial while project risks are always technical

Answer

Project risks are always more severe than program risks

Answer

There is no practical difference between them

Question 2

In PgMP, risk escalation from a component project to the program level should occur when:

Accepted Answer

The risk exceeds the project's defined thresholds or has cross-component implications

Answer

Any risk is identified at the project level

Answer

The project manager decides to escalate all risks

Answer

Only during program phase reviews

Question 3

The Program Risk Register should capture which information for each identified risk?

Accepted Answer

Risk description, probability, impact, response strategy, owner, and current status

Answer

Only the risk description and probability

Answer

Financial impact only

Answer

The name of the person who identified the risk

Question 4

Which risk response strategy involves shifting the negative impact of a risk to a third party?

Accepted Answer

Transfer

Answer

Accept

Answer

Avoid

Answer

Mitigate

Question 5

A risk threshold in program management defines:

Accepted Answer

The level of risk exposure above which action is required

Answer

The maximum number of risks allowed in the Risk Register

Answer

The minimum risk severity that must be reported

Answer

The budget reserved exclusively for risk responses

Question 6

What is a 'risk appetite' in the context of program risk management?

Accepted Answer

The level of risk the organization is willing to accept in pursuit of its strategic objectives

Answer

The number of risks a program team can document

Answer

The minimum risk level required to proceed with a program

Answer

The financial reserve allocated to manage risks