PMI-RMP Certification PMI-RMP Certification Risk Response Planning & Monitoring

Question 1

Which risk response strategy involves shifting the negative impact of a risk to a third party, such as through insurance?

Accepted Answer

Transfer

Answer

Mitigate

Answer

Avoid

Answer

Accept

Question 2

What is a contingency plan in risk response planning?

Accepted Answer

A pre-defined action to take if a specific risk occurs

Answer

A budget reserve for unforeseen risks

Answer

A plan to avoid all identified risks

Answer

A schedule buffer added to all tasks

Question 3

Which response strategy is appropriate for a positive risk (opportunity) to ensure it definitely occurs?

Accepted Answer

Exploit

Answer

Enhance

Answer

Share

Answer

Accept

Question 4

What is a residual risk?

Accepted Answer

A risk that remains after a response has been implemented

Answer

A risk that has been fully eliminated

Answer

A new risk created by a risk response

Answer

A risk transferred to a third party

Question 5

What is a secondary risk?

Accepted Answer

A new risk that arises as a direct result of implementing a risk response

Answer

A risk with a lower priority than the primary risk

Answer

A risk identified after project initiation

Answer

A risk shared with another project

Question 6

Which risk response for threats reduces the probability or impact of a risk to an acceptable threshold?

Accepted Answer

Mitigate

Answer

Avoid

Answer

Transfer

Answer

Escalate