PMI-RMP Certification Risk Identification & Analysis Flashcards
6 cards from real PMI-RMP Certification practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 PMI-RMP Certification Risk Identification & Analysis flashcards as text
What does a negative risk score in qualitative risk analysis typically indicate?
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.
Which assumption analysis technique helps identify risks by challenging the validity of project assumptions?
Answer: Assumption and Constraint Analysis
Assumption and Constraint Analysis examines project assumptions and constraints to find inaccuracies or instabilities that could generate risk.
In a tornado diagram, what does the longest bar represent?
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.
Which of the following best describes 'overall project risk'?
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.
What type of risk analysis uses historical data and statistical methods to assign numerical probability values?
Answer: Quantitative Risk Analysis
Quantitative Risk Analysis uses numerical data and statistical modeling to estimate probability and impact values for project risks.
A risk that has been identified but requires no immediate action due to its low priority is placed in which category?
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.
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