Free Preparation Discussions
MENU
PMI-RMP Exam - Topic 6 Question 121 Discussion
Topic #: 6
A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.
What type of risk is being referred to here?
Residual risks are those that remain after implementing risk response strategies. In this scenario, the primary risk is a major power outage that could lead to the failure of the digital platform hosting the new product database. The financial institution has mitigated this risk by installing backup power generators. However, the possibility of a power outage still exists, and the effectiveness of the backup generators cannot be guaranteed with absolute certainty. Therefore, the remaining risk, despite the mitigation measures, is classified as residual risk.
PMI Risk Management Study Guide Reference:
The PMI-RMP Exam Content Outline defines residual risk as the risk that remains after risk responses have been implemented, highlighting the necessity of monitoring these risks throughout the project lifecycle.
Tresa
3 days agoLaticia
8 days agoNorah
13 days agoVirgilio
18 days agoTracey
24 days agoTiera
29 days agoKenneth
1 month agoJanet
1 month agoKenny
1 month agoDenny
2 months agoJacqueline
2 months ago