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.
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Which technique involves gathering input from subject matter experts anonymously to identify risks without group bias?
Answer: Delphi Technique
The Delphi Technique uses anonymous expert input through iterative questionnaires to identify risks without the influence of dominant group members.
In quantitative risk analysis, what does a Monte Carlo simulation primarily produce?
Answer: A probability distribution of possible project outcomes
Monte Carlo simulation runs thousands of iterations to produce a probability distribution showing the range of possible project outcomes.
Which document serves as the primary output of the Identify Risks process?
Answer: Risk Register
The Risk Register is the primary output of the Identify Risks process and records all identified individual project risks.
A Probability and Impact Matrix is used in which risk analysis process?
Answer: Perform Qualitative Risk Analysis
A Probability and Impact Matrix is a tool used in Perform Qualitative Risk Analysis to prioritize individual risks based on their probability and impact ratings.
What is the primary purpose of a Risk Breakdown Structure (RBS)?
Answer: To hierarchically categorize sources of risk
An RBS hierarchically organizes risk sources by category, helping teams ensure comprehensive risk identification across all areas.
Expected Monetary Value (EMV) is calculated by multiplying which two factors?
Answer: Probability × Impact (in monetary terms)
EMV = Probability × Monetary Impact, and it is used in decision tree analysis to compare the value of different risk response options.
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