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PMI-RMP Exam - Topic 9 Question 116 Discussion
Topic #: 9
In the early stages of a manufacturing project, a risk manager has identified a risk with a component provided by an external supplier that might be delayed. The delay may or may not be significant to the project.
What should the risk manager do?
Setting risk thresholds in collaboration with stakeholders ensures clarity on what is considered tolerable risk. PMBOK Guide and ISO 31000 state:
'Risk thresholds reflect the degree of risk that stakeholders are willing to accept. These should be defined collaboratively at the start of the project.'
--- PMBOK Guide, 6th Edition, Section 11.1
'The organization should define its risk criteria and thresholds, in consultation with stakeholders.'
--- ISO 31000:2018, Section 6.3
PMBOK Guide, 6th Edition, Section 11.1
ISO 31000:2018, Section 6.3
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