PMI Risk Management Professional Practice Exam

What critical risk information should be communicated to the project sponsor?

1. Comprehensive project documentation

2. Significant risks and issues and their planned responses

3. Detailed project timelines

4. Team member performance reviews

The correct answer is: Significant risks and issues and their planned responses

The most critical risk information to be communicated to the project sponsor involves the significant risks and issues along with planned responses to those risks. This communication is vital because project sponsors need to be aware of any factors that could impact the project's objectives, schedule, or budget. By sharing information about these risks and the strategies in place to address them, the sponsor is equipped to make informed decisions, allocate resources appropriately, and provide guidance as necessary. Additionally, discussing the planned responses to risks demonstrates proactive management and instills confidence that the project team is actively working to mitigate negative impacts. The focus on significant risks ensures that only the most pertinent information that could influence the project's success is highlighted, rather than overwhelming the sponsor with every detail of the project's broader documentation or timelines. The project sponsor's engagement with this essential information fosters better oversight and support, making it a requirement in effective risk management communication.