PMBOK Risk Management Processes 2

Question 1

Which PMBOK process establishes how risk management activities will be structured and performed throughout the project?

Accepted Answer

Plan Risk Management

Answer

Plan Risk Management defines the approach, tools, and data sources for risk management activities on a project.

Question 2

A project team is evaluating risks by assessing the likelihood and impact of each identified risk without numerical data. Which process are they performing?

Accepted Answer

Perform Qualitative Risk Analysis

Answer

Perform Qualitative Risk Analysis prioritizes risks using subjective assessments of probability and impact.

Question 3

What is the PRIMARY output of the Identify Risks process?

Accepted Answer

Risk Register

Answer

The Risk Register is the primary output of Identify Risks, documenting identified risks and their characteristics.

Question 4

A risk response strategy where the project team decides to eliminate a threat by changing the project plan is called:

Accepted Answer

Avoid

Answer

Avoid eliminates the threat by changing the project plan to remove the risk or protect project objectives from its impact.

Question 5

During which process does the project team use Monte Carlo simulation to model combined risk effects?

Accepted Answer

Perform Quantitative Risk Analysis

Answer

Perform Quantitative Risk Analysis uses numerical techniques like Monte Carlo simulation to quantify overall project risk.

PMBOK - Project Management Body of Knowledge Practice Test

PMBOK - Project Management Body of Knowledge Practice Test

PMBOK Risk Management Processes 2