Program Management Professional Program Risk and Issue Management 1

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-level risks have cross-cutting impacts affecting multiple component projects, strategic objectives, or the overall benefit delivery of the program.

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

Risk escalation to the program level is triggered when a risk exceeds predefined thresholds or affects multiple components, requiring program-level response.

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

A comprehensive Risk Register records risk details, probability, impact, planned responses, ownership, and current status to enable effective monitoring and control.

Question 4

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

Accepted Answer

Transfer

Answer

Transfer shifts the financial or operational impact of a risk to a third party, such as through insurance or contractual agreements.

Question 5

A risk threshold in program management defines:

Accepted Answer

The level of risk exposure above which action is required

Answer

Risk thresholds define the boundary above which risks require active management responses and potential escalation.

Program Management Professional Practice Test

Program Management Professional Practice Test

Program Management Professional Program Risk and Issue Management 1