Risk Register & Response Planning Flashcards
7 cards from real PMI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Register & Response Planning flashcards as text
Which of the following BEST describes the difference between a risk and an issue in project management?
Answer: An issue has occurred; a risk has not yet occurred
An issue is a current problem requiring immediate action, while a risk is an uncertain future event that may or may not occur.
The Enhance risk response strategy for opportunities aims to:
Answer: Increase the probability or impact of the opportunity
Enhance targets the probability or positive impact of an opportunity, unlike Exploit which seeks certainty of occurrence.
A project manager wants to eliminate a threat entirely by changing the project plan. The BEST strategy is:
Answer: Avoid
Avoidance changes the project plan to eliminate the threat or protect project objectives from its impact.
During risk identification for a large infrastructure project, the team uses historical records from similar projects. This is an example of which technique?
Answer: Document analysis
Document analysis (reviewing lessons learned, project files, contracts) extracts risk information from historical project documentation.
When multiple risk responses are being compared in cost–benefit terms to select the best option, the project manager is performing:
Answer: Risk response planning
Risk response planning involves selecting and developing the most appropriate and cost-effective actions to address each identified risk.
A project manager notices a risk's probability has decreased significantly due to completed mitigation actions. The NEXT step is to:
Answer: Update the risk register with the new probability rating
The risk register must be updated to reflect current probability so prioritization and resource allocation remain accurate.
Which risk response plan element specifies the exact actions to take if a defined trigger condition is met?
Answer: Contingency plan
A contingency plan is a pre-defined set of actions to execute when a specific trigger condition indicates a risk has occurred or is imminent.