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PK0-005 Practice Question: A project manager is updating the risk register…

A project manager is updating the risk register after a risk event occurred. The risk response plan included a contingency reserve, but the actual impact was higher than expected. What should the project manager do next?

Answer choices

Why each option matters

Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.

Correct answer & explanation

✓

Update the issue log with the problem and its impact.

Since the risk event has occurred and the impact exceeded expectations, the project manager should update the issue log to track the actual problem and initiate any necessary corrective actions. The risk register should be updated to reflect the closure, but the immediate need is to manage the issue.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

  • ✗

    Request additional budget from the sponsor.

    Why it's wrong here

    Not the immediate next step; the issue should be documented first.

  • ✗

    Close the risk in the risk register.

    Why it's wrong here

    While the risk should be closed, the immediate action is to handle the issue.

  • ✓

    Update the issue log with the problem and its impact.

    Why this is correct

    Correct. The risk has become an issue and should be logged in the issue log.

  • ✗

    Perform a Monte Carlo simulation to reassess schedule risk.

    Why it's wrong here

    Monte Carlo is used for quantitative risk analysis, not for handling an occurred risk.

About these practice questions

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JA

Written by Johnson Ajibi, MSc IT Security

Senior Network & Security Engineer · founder of Courseiva

This PK0-005 practice question is part of Courseiva's free CompTIA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PK0-005 exam.