PMBOK Risk Management Processes 3

Question 1

What document describes the risk thresholds and risk appetite of the organization and stakeholders?

Accepted Answer

Risk Management Plan

Answer

The Risk Management Plan includes stakeholder risk tolerances, thresholds, and the organization's overall risk appetite.

Question 2

Which technique used in Identify Risks involves team members individually generating risk ideas before group discussion?

Accepted Answer

Nominal Group Technique

Answer

The Nominal Group Technique allows participants to privately generate ideas first, then share and vote as a group to reduce social influence bias.

Question 3

An opportunity response strategy where the project team acts to ensure an opportunity definitely occurs is called:

Accepted Answer

Exploit

Answer

Exploit eliminates uncertainty associated with an opportunity by ensuring it definitely happens, often by assigning the best resources to it.

Question 4

Which output is FIRST created in the Plan Risk Management process?

Accepted Answer

Risk Management Plan

Answer

The Risk Management Plan is the sole output of Plan Risk Management and serves as the foundation for all subsequent risk processes.

Question 5

A secondary risk is defined as a risk that:

Accepted Answer

Arises as a direct result of implementing a risk response

Answer

Secondary risks are new risks that emerge as a direct consequence of implementing a risk response strategy.

PMBOK - Project Management Body of Knowledge Practice Test