Program Risk and Issue Management Flashcards
6 cards from real Program Management Professional practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Program Risk and Issue Management flashcards as text
What distinguishes a program-level risk from a project-level risk in PgMP?
Answer: Program risks affect multiple components, strategic objectives, or benefits realization across the program
Program-level risks have cross-cutting impacts affecting multiple component projects, strategic objectives, or the overall benefit delivery of the program.
In PgMP, risk escalation from a component project to the program level should occur when:
Answer: The risk exceeds the project's defined thresholds or has cross-component implications
Risk escalation to the program level is triggered when a risk exceeds predefined thresholds or affects multiple components, requiring program-level response.
The Program Risk Register should capture which information for each identified risk?
Answer: Risk description, probability, impact, response strategy, owner, and current status
A comprehensive Risk Register records risk details, probability, impact, planned responses, ownership, and current status to enable effective monitoring and control.
Which risk response strategy involves shifting the negative impact of a risk to a third party?
Answer: Transfer
Transfer shifts the financial or operational impact of a risk to a third party, such as through insurance or contractual agreements.
A risk threshold in program management defines:
Answer: The level of risk exposure above which action is required
Risk thresholds define the boundary above which risks require active management responses and potential escalation.
What is a 'risk appetite' in the context of program risk management?
Answer: The level of risk the organization is willing to accept in pursuit of its strategic objectives
Risk appetite reflects the organization's overall willingness to accept risk in pursuit of value, shaping how the program manager sets thresholds and prioritizes responses.
How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy
Sources & references
Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy
- pmi.org — Fees, renewal, retake policy, passing score, retake fee, score release, test dates, score validity, test delivery, exam format · verified Oct 2026