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| Section | Objectives |
|---|
| Risk Monitoring and Control | - Risk Reporting and Communication - Risk Audits and Reviews
|
| Risk Response Planning | - Threat Response Strategies - Opportunity Response Strategies
|
| Risk Strategy and Planning | - Risk Management Planning - Stakeholder Engagement in Risk
|
| Risk Analysis | - Quantitative Risk Analysis - Qualitative Risk Analysis
|
| Risk Identification | - Overall Project Risk Identification - Identifying Individual Risks
|
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PMI Risk Management Professional Sample Questions (Q199-Q204):
NEW QUESTION # 199
You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?
- A. One
- B. Four
- C. Three
- D. Seven
Answer: B
NEW QUESTION # 200
While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.
What should the project manager do next?
- A. Update the communications management plan to avoid future issues
- B. Identify secondary or residual risks for associated risk plans.
- C. Develop risk response plans for all identified risks.
- D. Monitor and control secondary and residual risks in the risk register.
Answer: D
Explanation:
Explanation
The project manager should monitor and control secondary and residual risks in the risk register. This will ensure that any new risks identified during the implementation of the risk response plan are captured and managed effectively. Monitoring and controlling risks is acontinuous process that helps in identifying, analyzing, and planning for new risks as well as updating the risk register as needed.
NEW QUESTION # 201
A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?
- A. Updated project schedule
- B. Updated risk register
- C. Updated probability and impact matrix
- D. Updated mitigation plans
Answer: B
NEW QUESTION # 202
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?
- A. Risk Breakdown Structure
- B. Lessons learned
- C. Technical documentation
- D. Scope statement
Answer: C
NEW QUESTION # 203
A project manager has requested a risk manager facilitate risk identification on a project. While facilitating this effort, the project manager wants to ensure that stakeholders interact and provide their expertise so that an exhaustive list of risks is created.
Which risk identification technique should the risk manager use?
- A. Interviews
- B. Prompt lists
- C. Nominal group technique
- D. Delphi technique
Answer: C
Explanation:
The risk identification technique that the risk manager should use is the nominal group technique. This technique involves bringing stakeholders together to brainstorm potential risks and then ranking them based on their importance. This allows for interaction and collaboration among stakeholders, which can help ensure that an exhaustive list of risks is created.
The nominal group technique is a risk identification technique that involves the interaction and collaboration of stakeholders to generate an exhaustive list of risks. It is a structured process that allows each participant to share their ideas independently, then rank and prioritize them as a group. This technique ensures that all opinions are considered and reduces the influence of dominant or biased individuals12 References: 1: PMI Risk Management Professional (PMI-RMP)Handbook, page 10 2: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Seventh Edition, page 11.2.2.1
NEW QUESTION # 204
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