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| Section | Weight | Objectives |
|---|
| Stakeholder Engagement | 19-20% | - Communicate risk information effectively - Involve stakeholders in risk management process - Promote risk awareness and understanding - Facilitate risk workshops and meetings - Build consensus on risk response strategies - Negotiate risk ownership and accountability - Manage stakeholder expectations regarding risks - Collaborate with cross-functional teams - Identify stakeholders and their risk tolerance
|
| Risk Strategy and Planning | 19-20% | - Develop risk management strategy - Plan risk management activities - Integrate risk management into project lifecycle - Establish risk management policies and procedures - Define risk thresholds and metrics
|
| Perform Specialized Risk Analyses | 14-16% | - Analyze complex risk scenarios and dependencies - Conduct specialized risk assessments (e.g., regulatory, compliance) - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees)
|
| Risk Monitoring and Reporting | 19-20% | - Update risk register and documentation - Monitor identified and emerging risks - Evaluate risk response execution - Capture lessons learned regarding risks - Report risk management performance - Track risk metrics and triggers - Review risk audit results
|
| Risk Process Facilitation | 25-28% | - Implement risk responses - Identify risks using various techniques - Perform qualitative risk analysis - Perform quantitative risk analysis - Evaluate risk response effectiveness - Manage contingency reserves - Plan risk responses
|
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PMI Risk Management Professional Sample Questions (Q334-Q339):
NEW QUESTION # 334
Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?
- A. Passive acceptance
- B. Active acceptance
- C. Avoidance
- D. Mitigation
Answer: A
Explanation:
Explanation/Reference:
NEW QUESTION # 335
You work as a project manager for TechSoft Inc. You are preparing to plan risk responses for your project with your project team. How many risk responses are available for a positive risk event in the project?
- A. One
- B. Four
- C. Three
- D. Seven
Answer: B
NEW QUESTION # 336
You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?
- A. Cause-and-effect diagrams
- B. Decision tree analysis
- C. Project network diagrams
- D. Delphi Technique
Answer: B
Explanation:
Explanation/Reference:
NEW QUESTION # 337
You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
- A. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
- B. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
- C. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
- D. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
Answer: A
NEW QUESTION # 338
Which of the following techniques examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses?
- A. Delphi
- B. SWOT Analysis
- C. Brainstorming
- D. Expert Judgment
Answer: B
NEW QUESTION # 339
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