GCP Risk Assessment & Management 4

Question 1

A residual risk is BEST described as:

Accepted Answer

The risk that remains after a risk response has been implemented

Answer

Residual risks are the remaining exposure after responses are applied and must continue to be monitored.

Question 2

During Monitor Risks, a project manager discovers that the risk management plan is no longer aligned with current project conditions. What should the PM do?

Accepted Answer

Update the risk management plan through integrated change control

Answer

Changes to the risk management plan must go through integrated change control to maintain document consistency and stakeholder alignment.

Question 3

What is a 'secondary risk'?

Accepted Answer

A new risk that arises as a direct result of implementing a risk response

Answer

Secondary risks emerge because of the response actions taken to address a primary risk and must themselves be planned for.

Question 4

When using a probability and impact matrix, what determines whether a risk falls in the 'red' (high) zone?

Accepted Answer

The combined score of its probability rating and impact rating exceeding a threshold

Answer

The matrix multiplies or combines probability and impact scores; risks above a predefined threshold are classified as high priority.

Question 5

Which risk identification technique involves systematically reviewing historical project documents, lessons learned, and organizational process assets?

Accepted Answer

Documentation reviews

Answer

Documentation reviews examine existing plans, assumptions, and historical records to surface risks that prior projects encountered.

GCP Test Practice Test

GCP Test Practice Test

GCP Risk Assessment & Management 4