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| Section | Weight | Objectives |
|---|
| Risk Process Facilitation | 25-28% | - Plan risk responses - Perform quantitative risk analysis - Identify risks using various techniques - Evaluate risk response effectiveness - Manage contingency reserves - Implement risk responses - Perform qualitative risk analysis
|
| Risk Strategy and Planning | 19-20% | - Integrate risk management into project lifecycle - Define risk thresholds and metrics - Establish risk management policies and procedures - Develop risk management strategy - Plan risk management activities
|
| Risk Monitoring and Reporting | 19-20% | - Report risk management performance - Capture lessons learned regarding risks - Review risk audit results - Evaluate risk response execution - Track risk metrics and triggers - Monitor identified and emerging risks - Update risk register and documentation
|
| Perform Specialized Risk Analyses | 14-16% | - Conduct specialized risk assessments (e.g., regulatory, compliance) - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees) - Analyze complex risk scenarios and dependencies
|
| Stakeholder Engagement | 19-20% | - Build consensus on risk response strategies - Promote risk awareness and understanding - Manage stakeholder expectations regarding risks - Negotiate risk ownership and accountability - Collaborate with cross-functional teams - Identify stakeholders and their risk tolerance - Communicate risk information effectively - Facilitate risk workshops and meetings - Involve stakeholders in risk management process
|
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PMI Risk Management Professional Sample Questions (Q158-Q163):
NEW QUESTION # 158
Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?
- A. Risks in the project should be addressed by their priority for creating risk responses.
- B. Risks in the project should be addressed by their impact for creating risk responses.
- C. Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
- D. Risks in the project should be addressed by their probability for creating risk responses.
Answer: A
NEW QUESTION # 159
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:

If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $440,000
- B. $243,500
- C. $233,500
- D. $258,500
Answer: C
NEW QUESTION # 160
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a
complete solution. Choose all that apply.
- A. Increased understanding or quantification of the system
- B. Model development
- C. Decision making or the development of recommendations for decision makers
- D. Estimating the average outcome
Answer: A,B,C
NEW QUESTION # 161
You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at completion of $945,000 and is 45 percent complete though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's schedule performance index?
- A. 0.92
- B. 1.06
- C. 0.93
- D. -$37,800
Answer: C
NEW QUESTION # 162
A project is in progress when the product team requests a change to the scope. The team indicates that this is a minimal change and should not create any problems.
What should the risk manager do next?
- A. Analyze any potential impact.
- B. Add a new risk to the risk register.
- C. Update the work breakdown structure (WBS).
- D. Escalate the issue to management.
Answer: A
Explanation:
Any change to project scope, regardless of perceived size, should trigger a risk analysis to determine potential impact. The PMBOK Guide states:
"When a change request is submitted, it should be evaluated for potential impact on project objectives, including risk. Analysis of impact is a best practice before implementing any change."
- PMBOK Guide, 6th Edition, Section 4.6.2 (Perform Integrated Change Control) This ensures that the team does not overlook risks associated with even "minimal" changes.
References:
PMI PMBOK Guide, 6th Edition, Section 4.6
Practice Standard for Project Risk Management, PMI, Section 5.5
NEW QUESTION # 163
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