PMI-RMP Certification Risk Response Planning & Monitoring 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 Response Planning & Monitoring flashcards as text
During the Monitor Risks process, which output can result in risk response changes being reflected in the project management plan?
Answer: Change Requests
Change requests generated during Monitor Risks can trigger updates to risk responses, budgets, or schedules through integrated change control.
What is the key purpose of a risk reassessment during project execution?
Answer: To identify new risks and evaluate whether existing risks have changed in priority
Risk reassessments periodically re-evaluate current risks and search for new risks that may have emerged as the project progresses.
Which of the following is a key input to the Monitor Risks process?
Answer: Work Performance Data
Work Performance Data provides real-time project execution information used to assess whether risk triggers have occurred or risk responses are working.
What does 'risk appetite' describe in a risk management context?
Answer: The degree of uncertainty an organization is willing to accept in pursuit of its objectives
Risk appetite reflects an organization's broad attitude toward risk-taking and informs risk thresholds, tolerances, and response strategies.
A workaround in risk management is best described as:
Answer: An unplanned response to an unidentified risk that has already occurred
Workarounds are improvised, unplanned responses used when an unidentified risk (unknown-unknown) materializes without a contingency plan in place.
Which PMI-RMP concept refers to the point at which a risk's probability or impact warrants a specific response being triggered?
Answer: Risk Threshold
Risk thresholds are the specific measurable boundaries that, when crossed, trigger a defined risk response or escalation action.
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