PMBOK Managing Project Risks 5

Question 1

Which statement BEST describes overall project risk versus individual project risk?

Accepted Answer

Individual project risk affects one objective; overall project risk represents the combined effect of all uncertainties on the project

Answer

Individual risks affect specific objectives, while overall project risk represents the aggregate exposure arising from all sources of uncertainty.

Question 2

A risk trigger is BEST defined as:

Accepted Answer

An early warning indicator that a risk is about to occur

Answer

Risk triggers are warning signs or conditions that indicate a risk event is imminent, prompting activation of a contingency plan.

Question 3

The Delphi Technique is used in risk identification primarily to:

Accepted Answer

Achieve consensus from experts anonymously and iteratively

Answer

The Delphi Technique gathers expert opinions through multiple anonymous rounds until convergence, reducing group bias.

Question 4

Assuming a risk refers to which response strategy?

Accepted Answer

Accept

Answer

Accept acknowledges the risk and takes no proactive action, either actively (with a contingency plan) or passively (no response at all).

Question 5

Which input is MOST important when planning risk responses?

Accepted Answer

Risk register and risk report

Answer

The risk register and risk report provide the analyzed, prioritized risk data needed to develop appropriate response strategies.

PMBOK - Project Management Body of Knowledge Practice Test