CSM Risk Assessment & Mitigation 2

Question 1

A software manager uses a risk matrix to prioritize risks. Which two dimensions are typically plotted on this matrix?

Accepted Answer

Probability and impact

Answer

A risk matrix plots probability (likelihood of occurrence) against impact (consequence if it occurs) to prioritize risks.

Question 2

During a sprint retrospective, the team discovers a recurring dependency on a third-party API that could fail. What risk mitigation strategy involves creating an alternative API integration in advance?

Accepted Answer

Contingency planning

Answer

Contingency planning involves preparing backup solutions (like an alternate API) in advance so the team can respond quickly if the primary fails.

Question 3

Which risk response strategy is most appropriate when a risk's potential cost to address exceeds the expected loss from the risk itself?

Accepted Answer

Accept

Answer

Acceptance is appropriate when mitigation costs exceed the expected loss, meaning the risk is cheaper to absorb if it occurs.

Question 4

A software project faces a risk of key developer turnover. The manager responds by cross-training team members. This is an example of:

Accepted Answer

Risk mitigation

Answer

Cross-training reduces the impact of key person departure by spreading knowledge, making it a mitigation strategy.

Question 5

In qualitative risk analysis, risks are assessed based on:

Accepted Answer

Subjective judgment of probability and impact

Answer

Qualitative risk analysis uses expert judgment and descriptive scales (e.g., high/medium/low) rather than numerical data.

(CSM) Certified Software Manager Practice Test

(CSM) Certified Software Manager Practice Test

CSM Risk Assessment & Mitigation 2