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

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Question 100/117

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. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following is not a risk strategy?

A. Scenario Analysis

B. Fallback Plan

C. Strategies for both threats and opportunities

D. Response Strategy Selection

Correct Answer: B

Explanation
Strategies may include: response strategy selection, strategies for both threats and opportunities, and scenario analysis. The risk owner may develop a fallback plan for execution if the selected strategy is not sufficiently effective. So the fallback plan is a result of a failed strategy

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