PMI-RMP Certification PMI-RMP Certification Risk Identification & Analysis 2 — Questions and Answers
Question 1: What does a negative risk score in qualitative risk analysis typically indicate?
- The risk is an opportunity that could benefit the project (Correct answer)
- The risk has already occurred
- The risk has been closed
- The risk owner has been removed
Correct answer: The risk is an opportunity that could benefit the project
A negative risk score in many risk matrices denotes an opportunity (positive risk) rather than a threat, indicating potential project benefit.
Question 2: Which assumption analysis technique helps identify risks by challenging the validity of project assumptions?
- Assumption and Constraint Analysis (Correct answer)
- PESTLE Analysis
- Force Field Analysis
- Affinity Diagrams
Correct answer: Assumption and Constraint Analysis
Assumption and Constraint Analysis examines project assumptions and constraints to find inaccuracies or instabilities that could generate risk.
Question 3: In a tornado diagram, what does the longest bar represent?
- The risk variable with the greatest impact on the project objective (Correct answer)
- The risk with the highest probability
- The risk with the largest contingency budget
- The most recently identified risk
Correct answer: The risk variable with the greatest impact on the project objective
A tornado diagram ranks variables by their sensitivity impact, with the longest bar indicating the variable that most affects the project outcome.
Question 4: Which of the following best describes 'overall project risk'?
- The effect of uncertainty on the project as a whole, beyond individual risks (Correct answer)
- The sum of all individual risk scores
- The highest-rated risk on the risk register
- The total contingency reserve amount
Correct answer: The effect of uncertainty on the project as a whole, beyond individual risks
Overall project risk represents the combined effect of all uncertainty sources on project outcomes, including interactions between individual risks.
Question 5: What type of risk analysis uses historical data and statistical methods to assign numerical probability values?
- Quantitative Risk Analysis (Correct answer)
- Qualitative Risk Analysis
- Root Cause Analysis
- Trend Analysis
Correct answer: Quantitative Risk Analysis
Quantitative Risk Analysis uses numerical data and statistical modeling to estimate probability and impact values for project risks.
Question 6: A risk that has been identified but requires no immediate action due to its low priority is placed in which category?
- Watch List (Correct answer)
- Risk Register
- Issue Log
- Lessons Learned Register
Correct answer: Watch List
Low-priority risks that don't warrant active management are placed on a watch list for periodic monitoring without detailed response planning.
PMI-RMP Certification PMI-RMP Certification Risk Identification & Analysis 2
What does a negative risk score in qualitative risk analysis typically indicate?