PMBOK Managing Project Risks 4

Question 1

Which of the following is a risk response strategy that applies ONLY to opportunities?

Accepted Answer

Share

Answer

Share allocates ownership of an opportunity to a third party best positioned to capture the benefit, and applies only to positive risks.

Question 2

Risk owners are assigned during which process?

Accepted Answer

Plan Risk Responses

Answer

Risk owners—the individuals responsible for monitoring and implementing responses—are formally assigned in the Plan Risk Responses process.

Question 3

A project manager wants to understand which individual risks have the most influence on overall project uncertainty. The BEST tool to use is:

Accepted Answer

Tornado Diagram

Answer

A Tornado Diagram ranks variables by their impact on the output, showing which risks have the widest range of effect on project outcomes.

Question 4

What is the KEY output of the Monitor Risks process?

Accepted Answer

Work Performance Information

Answer

Work Performance Information—including status of risk responses and emerging risks—is the primary output of Monitor Risks.

Question 5

An Enhance risk response strategy aims to:

Accepted Answer

Increase the probability or positive impact of an opportunity

Answer

Enhance increases the likelihood or magnitude of a positive risk by targeting its root causes or drivers.

PMBOK - Project Management Body of Knowledge Practice Test