PMI Risk Management Professional Practice Exam

Who is responsible for selecting and implementing appropriate risk response strategies?

1. Project sponsor

2. Project manager

3. Team lead

4. Stakeholders

The correct answer is: Project manager

The project manager plays a crucial role in the selection and implementation of appropriate risk response strategies. This responsibility falls to the project manager because they are tasked with overseeing the overall execution of the project, including managing risks that may impact the project’s success. The project manager evaluates potential risks, analyzes their implications, and decides on effective strategies to address them. This includes opting for avoidance, mitigation, transfer, or acceptance strategies based on the specific context of the risk and the overall project objectives. Additionally, the project manager coordinates with various stakeholders, ensuring that the chosen strategies align with their interests and the project's goals. While other roles, such as the project sponsor or team lead, have important contributions to project risk management, they typically do not have the same level of responsibility or authority for decision-making regarding risk responses. The project sponsor may provide resources and support, while the team lead might focus on the execution of tasks. Stakeholders provide input and feedback but are not usually tasked with the implementation of risk management strategies directly. Thus, the project manager's central leadership position in the project makes them the primary person responsible for this crucial aspect of project management.