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?

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

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

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

  • Include it in the program risk register, evaluate the potential impact and likelihood of the data privacy regulation risk, then with appropriate mitigation strategies.

PgMP
Stakeholder Engagement
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