PMBOK Risk Management Processes 5

Question 1

A tornado diagram is MOST useful for:

Accepted Answer

Ranking risks by their relative impact on project objectives

Answer

A tornado diagram ranks variables by their impact on the output, showing which risks have the greatest influence on project outcomes.

Question 2

Which process involves working with the risk owner to implement agreed-upon risk responses?

Accepted Answer

Implement Risk Responses

Answer

Implement Risk Responses ensures that agreed-upon risk responses are executed as planned, a process added explicitly in PMBOK 6.

Question 3

Which of the following is an example of active risk acceptance?

Accepted Answer

Creating a contingency plan to use if a risk occurs

Answer

Active acceptance involves establishing a contingency plan or reserve to address a risk if and when it materializes.

Question 4

During risk identification, the 'prompt list' technique helps project teams by:

Accepted Answer

Providing predetermined risk categories as memory triggers

Answer

A prompt list is a predetermined list of risk categories that stimulates the team to think about risks they might otherwise overlook.

Question 5

The 'Enhance' strategy for opportunities focuses on:

Accepted Answer

Increasing the probability or impact of a positive risk

Answer

Enhance increases the probability or positive impacts of an opportunity by targeting and strengthening its root causes.

PMBOK - Project Management Body of Knowledge Practice Test