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Portfolio Risk ManagementhardMultiple SelectObjective-mapped

PfMP Portfolio Risk Management Practice Question

Which TWO of the following are steps in the portfolio risk management process?

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

Risk monitoring.

Identification and monitoring are foundational steps in the risk management process.

Answer analysis

Option-by-option breakdown

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

  • Risk monitoring.

    Why this is correct

    Ongoing requirement.

  • Project team hiring.

    Why it's wrong here

    This is resource management.

  • Office cleaning.

    Why it's wrong here

    Not related.

  • Annual holiday planning.

    Why it's wrong here

    Not related.

  • Risk identification.

    Why this is correct

    First step in the cycle.

About these practice questions

One of 199 original PfMP practice questions on Courseiva, each with a full explanation and wrong-answer analysis — not exam dumps or protected exam content. Learn why practice questions differ from exam dumps →

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Written and reviewed by Johnson Ajibi, MSc IT Security

Senior Network & Security Engineer · founder of Courseiva

Last reviewed August 2026 · checked against the official PMI exam blueprint

This PfMP practice question is part of Courseiva's free PMI 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 PfMP exam.