Crucial Exams

PgMP Practice Question

You are managing a software development program and have just completed interviews with key stakeholders. One of the sponsors has identified a potential risk related to emerging data privacy regulations that could affect the program's timeline and budget. What should you do next to appropriately address this risk in your program risk management plan?

  • Acknowledge the risk but decide to monitor it without adding it to the risk register.

  • Ignore the risk since it was not identified during the initial planning phase.

  • Document the risk in the program's risk register but take no immediate action.

  • Include it in the program risk register, evaluate its impact and likelihood, and develop appropriate mitigation strategies.

PgMP
Stakeholder Engagement
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