CAPM Risk & Quality Management 5

Question 1

Which tool is used in quality management to display the frequency distribution of data to identify which values occur most often?

Accepted Answer

Histogram

Answer

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:

Accepted Answer

Execute the planned risk response

Answer

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?

Accepted Answer

Perform Qualitative Risk Analysis

Answer

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?

Accepted Answer

To verify that required steps have been completed

Answer

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?

Accepted Answer

How soon a risk response must be implemented

Answer

Risk urgency assessment prioritizes risks based on the timeframe within which a response must be implemented before the risk becomes unmanageable.

CAPM Practice Test