PMI Risk Management Professional Practice Exam

When conducting risk monitoring, what is one key element to track?

1. Projected profits

2. Change requests

3. Risk response effectiveness

4. Stakeholder satisfaction

The correct answer is: Risk response effectiveness

Tracking risk response effectiveness is a vital component of risk monitoring because it enables project managers to assess how well the strategies implemented to mitigate identified risks are actually working. By evaluating the effectiveness of risk responses, project teams can determine if adjustments are necessary to improve outcomes or to respond to any unforeseen challenges that may arise during the project lifecycle. This ongoing evaluation helps ensure that risk management efforts remain aligned with project objectives and that resources are utilized efficiently. It also fosters a proactive approach to risk management, allowing teams to learn from past responses and improve their strategies for future risks. In contrast, while monitoring projected profits, change requests, and stakeholder satisfaction is important for overall project health, these elements do not specifically focus on the effectiveness of risk responses, which is critical for managing uncertainties in project execution.