PfMP Exam Dumps | You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs

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Question 17/117

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. The Portfolio Risk Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding its purpose and focus?

A. Updates standard criteria to allow the portfolio team to assess the risks that are identified

B. Identifies recipients for information associated with the portfolio management process

C. Shows how the portfolio component progress and resource-related issues and risks are integrated with the resource management activities

D. Articulates the options, preferences, and factors that will be considered in a specific portfolio

Correct Answer: A

Explanation
The Portfolio Risk Management Plan updates standard criteria to allow the portfolio team to assess the risks that are identified details the manner in which risks will be identified and analyzed and how these risk responses will be developed, managed, and communicated describes how risk management is structured and performed in the portfolio

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