PMI-RMP Risk Monitoring And Reporting Practice Question
You are presenting a risk report. The sponsor points out that a specific risk was closed, but the cost impact was never updated. What is the correct way to handle this during reporting?
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 record with actuals and apologize for the reporting gap
Acknowledge the oversight, update the register with the actual cost impact, and report the revised total at the next cycle.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Suggest the sponsor look at the Issues Log instead
Why it's wrong here
Redirecting the sponsor does not solve the data accuracy issue.
- ✗
Blame the Risk Owner for the missing data
Why it's wrong here
The project manager is ultimately responsible for the register content.
- ✗
Argue that cost updates are not required for closed risks
Why it's wrong here
Historical cost data is vital for project closure and post-project learning.
- ✓
Update the record with actuals and apologize for the reporting gap
Why this is correct
Transparency and data accuracy are required for professional risk reporting.
About these practice questions
One of 200 original PMI-RMP 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 →
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.