CAPM Risk & Quality Management 3

Question 1

During which risk management process are risk owners assigned and risk response plans developed?

Accepted Answer

Plan Risk Responses

Answer

Plan Risk Responses is where the team develops options and assigns risk owners to execute agreed-upon response strategies.

Question 2

A control chart shows data points consistently above the mean for eight consecutive measurements. This situation is called:

Accepted Answer

A rule of seven violation

Answer

The rule of seven states that seven or more consecutive data points on the same side of the mean indicate a non-random pattern requiring investigation.

Question 3

Which of the following is an example of a positive risk response strategy?

Accepted Answer

Exploit

Answer

Exploit is a positive risk response used to ensure that an opportunity definitely occurs, such as assigning the best resources to capture it.

Question 4

A project sponsor asks the project manager to add extra features beyond the agreed scope to impress the customer. This practice is known as:

Accepted Answer

Gold plating

Answer

Gold plating refers to adding extras beyond the agreed scope, which increases risk without providing approved value.

Question 5

Which input to the Identify Risks process provides information about project objectives, constraints, and assumptions?

Accepted Answer

Project management plan

Answer

The project management plan contains scope, schedule, cost, and quality baselines that reveal areas of uncertainty used to identify risks.

CAPM Practice Test

CAPM Practice Test

CAPM Risk & Quality Management 3