PMI Risk Management Professional Practice Exam

During which risk management process are workarounds typically identified?

1. Risk identification

2. Plan risk responses

3. Monitor and control risk

4. Perform qualitative risk analysis

The correct answer is: Monitor and control risk

Workarounds are typically identified during the process of monitoring and controlling risk. This stage involves tracking identified risks, monitoring residual risks, and evaluating the effectiveness of risk responses throughout the project lifecycle. When unforeseen risks arise or when existing responses are not effective, teams will develop workarounds as temporary solutions to mitigate the impact of these risks. This proactive approach ensures that the project can continue moving forward despite challenges. Other processes like risk identification focus on discovering potential risks before they occur, while the planning of risk responses is about setting predefined strategies and actions. Performing qualitative risk analysis centers around prioritizing risks based on their impact and probability rather than creating immediate responses to them. Therefore, the identification of workarounds aligns specifically with the ongoing nature of monitoring and controlling risks.