CAPM Risk Management 4

Question 1

Which process involves implementing agreed-upon risk response plans and tracking identified risks?

Accepted Answer

Monitor Risks

Answer

Monitor Risks tracks the implementation of risk response plans and evaluates their effectiveness throughout the project.

Question 2

A project manager assigns ownership of a risk to a vendor. Which risk response strategy is being used?

Accepted Answer

Transfer

Answer

Transfer moves the risk and its ownership to a third party such as a vendor, usually through contracts.

Question 3

Which of the following inputs is used to perform quantitative risk analysis?

Accepted Answer

Risk register

Answer

The risk register, containing prioritized risks from qualitative analysis, is a key input to quantitative risk analysis.

Question 4

The risk management plan is created as an output of which process?

Accepted Answer

Plan Risk Management

Answer

The Plan Risk Management process produces the risk management plan, which defines how risk activities will be conducted.

Question 5

An opportunity response strategy where an organization teams with another to share both the opportunity and its resources is called:

Accepted Answer

Share

Answer

Share involves partnering with another party to capture an opportunity that the team could not fully capitalize on alone.

CAPM Practice Test