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| Section | Weight | Objectives |
|---|
| Risk Response Planning | 13% | - Assign owners and responsibilities - Select appropriate response actions - Integrate responses into project plan - Develop response strategies for threats and opportunities
|
| Risk Strategy and Planning | 22% | - Define risk appetite, threshold, and tolerance - Create risk management plan - Develop risk management strategy - Integrate risk management into project lifecycle - Align risk management with organizational and project objectives
|
| Risk Analysis | 23% | - Assess probability and impact - Prioritize risks - Perform quantitative risk analysis - Perform qualitative risk analysis - Use simulation and modeling techniques
|
| Risk Monitoring and Reporting | 19% | - Update risk register and documents - Communicate risk status to stakeholders - Capture lessons learned - Monitor identified risks and triggers - Identify new and emerging risks - Track effectiveness of responses
|
| Risk Identification | 23% | - Apply identification techniques - Capture opportunities as well as threats - Document risks and characteristics - Update risk register - Identify internal and external risks
|
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PMI Risk Management Professional Sample Questions (Q270-Q275):
NEW QUESTION # 270
Rob is the project manager of the IDLK Project for his company. This project has a budget of
$5,600,000 and is expected to last 18 months. Rob has learned that a new law may affect how the project is allowed to proceed - even though the organization has already invested over
$750,000 in the project. What risk response is the most appropriate for this instance?
- A. Acceptance
- B. Mitigation
- C. Transference
- D. Enhance
Answer: A
NEW QUESTION # 271
A project team identified some risks in a project. Team members became interested in predicting the outcomes of their potential choices following their probability of occurrence.
Which technique should the risk manager use?
- A. Strengths, weaknesses, opportunities, and threats (SWOT) analysis
- B. Cost-benefit analysis
- C. Political, economic, social, technological, legal, and environmental (PESTLE) analysis
- D. Decision tree analysis
Answer: D
NEW QUESTION # 272
You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?
- A. Qualitative risk analysis
- B. Requested changes
- C. Quantitative risk analysis
- D. Risk audits
Answer: B
NEW QUESTION # 273
A project team has completed plan risk response activities and has identified three critical risk response plans to major risk events. The responses have been monitored and implemented, with one of the responses presenting the two secondary risks.
What should the risk manager do next?
- A. Assess the risk register to ensure the secondary risks are realistic.
- B. Assess the stakeholder register to determine the impact of initial risks.
- C. Assess the impact of residual and secondary risks on project objectives.
- D. Assess the change log to establish that changes were implemented.
Answer: C
NEW QUESTION # 274
What are critical success factors for the Plan Risk Responses process?
- A. Define roles and responsibilities, address threats and opportunities, categorize risk causes, and addresses interaction of risks and responses
- B. Define roles and responsibilities, address threats and opportunities, address interaction of risks and responses, and specify timing of responses
- C. Identify appropriate project model, define roles and responsibilities, address threats and opportunities, and addresses interaction of risks and responses
- D. Collect high-quality information about risks, address threats and opportunities, address interaction of risks and responses, and specify timing of responses
Answer: B
NEW QUESTION # 275
......
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