CAPM Risk Management 2

Question 1

Which risk response strategy involves shifting the negative impact of a risk to a third party?

Accepted Answer

Transfer

Answer

Transfer shifts risk ownership to a third party, such as through insurance or outsourcing, without eliminating the risk.

Question 2

A project manager discovers a risk that was not identified during planning. This is best described as a:

Accepted Answer

Unknown unknown

Answer

Unknown unknowns are risks that were not identified and could not have been anticipated during planning.

Question 3

Which document records all identified risks, their characteristics, and risk response plans?

Accepted Answer

Risk register

Answer

The risk register is the primary document for capturing identified risks, their analysis results, and planned responses.

Question 4

A new risk that arises as a direct result of implementing a risk response is called a:

Accepted Answer

Secondary risk

Answer

Secondary risks emerge as a direct consequence of implementing a risk response and must also be planned for.

Question 5

Which of the following best describes a risk trigger?

Accepted Answer

A warning sign that a risk is about to occur

Answer

A risk trigger is an indicator or warning sign that reveals a risk event is imminent or has occurred.

CAPM Practice Test