CAPM Risk & Quality Management 5 — Questions and Answers
Question 1: Which tool is used in quality management to display the frequency distribution of data to identify which values occur most often?
- Scatter diagram
- Histogram (Correct answer)
- Control chart
- Run chart
Correct answer: Histogram
A histogram is a bar chart that shows the frequency of data values within ranges, helping teams identify the most common occurrence patterns.
Question 2: During Monitor Risks, the project manager discovers that risk triggers for a major schedule risk have occurred. The FIRST action should be to:
- Update the risk register
- Execute the planned risk response (Correct answer)
- Inform the project sponsor
- Perform a new risk assessment
Correct answer: Execute the planned risk response
When a risk trigger occurs, the appropriate pre-planned risk response should be executed immediately to address the risk.
Question 3: A project manager uses the probability and impact matrix to prioritize risks for further analysis. This is an output of which process?
- Identify Risks
- Perform Qualitative Risk Analysis (Correct answer)
- Perform Quantitative Risk Analysis
- Plan Risk Responses
Correct answer: Perform Qualitative Risk Analysis
Perform Qualitative Risk Analysis uses the probability and impact matrix to rank risks and determine which warrant further quantitative analysis.
Question 4: Which of the following BEST describes the purpose of a quality checklist?
- To assign quality roles to team members
- To document the results of a quality audit
- To verify that required steps have been completed (Correct answer)
- To compare actual quality metrics to planned targets
Correct answer: To verify that required steps have been completed
Quality checklists are structured tools used to verify that a set of required steps has been performed and nothing has been overlooked.
Question 5: The risk urgency assessment considers which factor when prioritizing risks?
- The financial impact of the risk
- How soon a risk response must be implemented (Correct answer)
- The probability that the risk will occur
- The number of stakeholders affected by the risk
Correct answer: How soon a risk response must be implemented
Risk urgency assessment prioritizes risks based on the timeframe within which a response must be implemented before the risk becomes unmanageable.
Question 6: A project manager wants to understand how changes in one variable affect the project outcome. Which tool is MOST appropriate?
- Tornado diagram (Correct answer)
- Decision tree
- Probability and impact matrix
- Pareto chart
Correct answer: Tornado diagram
A tornado diagram ranks variables by their influence on project outcomes, with the most impactful variables shown at the top as wider bars.
Question 7: Which of the following is an example of cost of nonconformance?
- Quality training for team members
- Conducting product inspections
- Reworking a defective deliverable (Correct answer)
- Developing a quality management plan
Correct answer: Reworking a defective deliverable
Cost of nonconformance includes costs incurred because of failures, such as rework, scrap, warranty claims, and loss of business.
CAPM Risk & Quality Management 5
Which tool is used in quality management to display the frequency distribution of data to identify which values occur most often?