PMI-RMP Certification PMI-RMP Certification Risk Response Planning & Monitoring 1

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

Transfer moves the financial or operational consequence of a threat to a third party, such as through insurance, warranties, or subcontracting.

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 contingency plan is a documented, pre-approved set of actions to implement if a specific identified risk triggers.

Question 3

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

Accepted Answer

Exploit

Answer

Exploit is an opportunity response strategy that eliminates uncertainty by making the opportunity definitely happen, such as assigning the best resources to it.

Question 4

What is a residual risk?

Accepted Answer

A risk that remains after a response has been implemented

Answer

Residual risks are the remaining exposure after risk responses have been applied, requiring ongoing monitoring.

Question 5

What is a secondary risk?

Accepted Answer

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

Answer

Secondary risks emerge as unintended consequences of applying a risk response, and they must also be identified and managed.

PMI-RMP Certification Practice Test

PMI-RMP Certification Practice Test

PMI-RMP Certification PMI-RMP Certification Risk Response Planning & Monitoring 1