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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Stakeholder Engagement | 19-20% | - Identify stakeholders and their risk tolerance - Promote risk awareness and understanding - Manage stakeholder expectations regarding risks - Negotiate risk ownership and accountability - Involve stakeholders in risk management process - Facilitate risk workshops and meetings - Build consensus on risk response strategies - Communicate risk information effectively - Collaborate with cross-functional teams |
| Topic 2: Risk Process Facilitation | 25-28% | - Implement risk responses - Perform qualitative risk analysis - Evaluate risk response effectiveness - Perform quantitative risk analysis - Identify risks using various techniques - Plan risk responses - Manage contingency reserves |
| Topic 3: Risk Strategy and Planning | 19-20% | - Integrate risk management into project lifecycle - Establish risk management policies and procedures - Develop risk management strategy - Define risk thresholds and metrics - Plan risk management activities |
| Topic 4: Risk Monitoring and Reporting | 19-20% | - Monitor identified and emerging risks - Update risk register and documentation - Track risk metrics and triggers - Review risk audit results - Capture lessons learned regarding risks - Evaluate risk response execution - Report risk management performance |
| Topic 5: Perform Specialized Risk Analyses | 14-16% | - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees) - Analyze complex risk scenarios and dependencies - Conduct specialized risk assessments (e.g., regulatory, compliance) |
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NEW QUESTION # 113
A risk manager has noticed that response actions are not working as expected when a risk occurs, mainly because the risk triggers are not well-defined. Which tool should the risk manager use to facilitate risk trigger identification in the upcoming risk review assessment?
Answer: B
NEW QUESTION # 114
You work as the project manager for Bluewell Inc. You are working on NGQQ Projectyou're your company. You have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the responses?
Answer: A
NEW QUESTION # 115
A new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the client's vendor, which apparently has been causing all of the issues.
What should the risk manager do first?
Answer: A
Explanation:
The risk registry is a document that records the identified risks, their characteristics, their status, and their responses. It is a key input for risk management and a source of information for project stakeholders. The risk manager should review the risk registry first to understand the current state of the project risks, especially the ones related to the client's vendor, and to evaluate the effectiveness of the risk responses implemented so far.
Enhancing risk identification, reviewing the contingency reserves, and creating a risk response plan are possible actions that the risk manager may take after reviewing the risk registry, but they are not the first thing to do. References: PMI Risk Management Professional (PMI-RMP)® Exam Content Outline1, PMI Practice Standard for Project Risk Management2, Risk Management Professional (PMI-RMP)® Cert Guide3
NEW QUESTION # 116
Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project. Holly has faxed the status report to her project client for their review. Based on the standard communication model, which component in this scenario is the decoder?
Answer: C
NEW QUESTION # 117
The purpose of a numeric scale in risk management is to______________
Answer: B
Explanation:
You can develop relative or numeric, well-defined scales using agreed-upon definitions by the stakeholders. When using a numeric scale, each level of impact has a specific number assigned to it. [Planning] PMI®, PMBOK® Guide, 2013, 331-332
NEW QUESTION # 118
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