PMI-RMP - PMI Risk Management Professional Implement Risk Responses Questions and Answers

Question 1

A risk response plan to mitigate potential supply chain delays for a construction project has been approved.
The assigned risk owner is the procurement manager.
During the Implement Risk Responses process, what is the procurement manager's primary responsibility?

Accepted Answer

To execute the specific actions outlined in the risk response plan.

Answer

To re-evaluate the probability and impact of the risk.

Answer

To identify new risks that may arise from the response.

Answer

To report the risk status to the project sponsor.

Question 2

A project team implements a mitigation strategy for a technical risk. However, during a weekly review, the risk owner reports that the implemented actions are not reducing the risk's exposure score as anticipated. What should be the project manager's immediate next step?

Accepted Answer

Analyze the effectiveness of the response and, if necessary, develop an alternative response plan.

Answer

Accept the risk since the initial response was ineffective.

Answer

Escalate the issue immediately to the project sponsor for a decision.

Answer

Continue with the current response plan, hoping it will eventually work.

Question 3

A project team is implementing a 'transfer' response by hiring a subcontractor to handle a complex part of the work. During the subcontractor onboarding process, the project manager realizes that the subcontractor's quality control processes are weaker than expected. This introduces a new risk of defective deliverables. What is this newly discovered risk called?

Accepted Answer

Secondary risk

Answer

Residual risk

Answer

Workaround

Answer

Risk threshold

Question 4

Which of the following is a key activity performed during the Implement Risk Responses process?

Accepted Answer

Ensuring the risk owner carries out the agreed-upon actions.

Answer

Using a probability and impact matrix to prioritize risks.

Answer

Performing a Monte Carlo simulation to analyze schedule risk.

Answer

Conducting a brainstorming session to identify new project risks.

Question 5

A risk owner is tasked with implementing a mitigation plan that requires a specialized software developer for two weeks. However, the developer is fully allocated to a critical path activity managed by another team lead. The risk owner and the team lead cannot agree on a solution. What is the project manager's MOST appropriate next action?

Accepted Answer

Escalate the resource conflict to the functional manager or project sponsor for prioritization.

Answer

Instruct the team lead to release the developer immediately, regardless of the impact on the critical path.

Answer

Postpone the implementation of the risk response until the developer becomes available.

Answer

Tell the risk owner to accept the risk since resources are not available.

Question 6

The primary purpose of the Implement Risk Responses process is to:

Accepted Answer

Ensure that agreed-upon risk response plans are executed.

Answer

Select the most appropriate strategy for each individual project risk.

Answer

Determine the overall level of risk exposure for the project.

Answer

Update the risk register with probability and impact assessments.