PMI-RMP Risk Strategy And Planning Practice Question
During a project's mid-lifecycle review, you discover that the original risk management strategy is no longer effective due to a change in the market environment. What is the best course of action?
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
✓
Formally review and update the Risk Management Plan to reflect current realities.
Risk management plans must be reviewed and updated when the project environment changes significantly.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Continue using the current plan to maintain consistency.
Why it's wrong here
Consistency is secondary to relevance in a changing risk environment.
- ✗
Ask stakeholders to sign off on the original plan again.
Why it's wrong here
Re-signing an outdated plan does not solve the underlying effectiveness issue.
- ✓
Formally review and update the Risk Management Plan to reflect current realities.
Why this is correct
Updating the plan ensures that the risk strategy remains aligned with project objectives.
- ✗
Switch to a quantitative-only approach immediately.
Why it's wrong here
Methodology should be adjusted based on analysis, not replaced impulsively.
About these practice questions
This PMI-RMP question is part of Courseiva's 200-question bank — original exam-style content with full explanations and wrong-answer analysis, never real exam questions or exam dumps. Learn why practice questions differ from exam dumps →
JA
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 PMI-RMP 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 PMI-RMP exam.