PMI-RMP - PMI Risk Management Professional Threat Response Strategies Questions and Answers

Question 1

A construction project faces a high probability of significant delays due to forecasted severe weather during a critical foundation-pouring phase.
To counter this, the project manager revises the project schedule to complete the foundation work two months earlier, during a season with historically stable weather.
This action is a clear example of which threat response strategy?

Accepted Answer

Avoid

Answer

Mitigate

Answer

Transfer

Answer

Accept

Question 2

A project manager identifies a risk that is beyond the project's scope and their authority to manage effectively. The risk, if it occurs, would impact multiple departments across the entire organization. The project manager documents the risk and formally communicates it to the program manager and the steering committee for resolution. Which threat response strategy is being implemented?

Accepted Answer

Escalate

Answer

Transfer

Answer

Mitigate

Answer

Accept

Question 3

A software development project requires a specialized data encryption module. Rather than developing the module in-house, which carries significant technical and security risks, the project manager decides to procure a certified, third-party component and sign a service-level agreement that includes warranties and financial penalties for failure. Which strategy does this action represent?

Accepted Answer

Transfer

Answer

Avoid

Answer

Mitigate

Answer

Accept

Question 4

A project team identifies a risk that a new manufacturing process might have a higher-than-expected defect rate. To address this, the team decides to conduct a small-scale pilot run of the process, implement additional quality control checkpoints, and provide extra training to the machine operators. These actions BEST exemplify which threat response strategy?

Accepted Answer

Mitigate

Answer

Avoid

Answer

Transfer

Answer

Escalate

Question 5

During the planning of an international conference, the project team identifies the risk of low attendance from a specific region due to a minor, concurrent local holiday. The potential impact on revenue is small. The team documents the risk but decides not to spend resources on a targeted marketing campaign for that region. Instead, they create a small contingency fund to cover a potential revenue shortfall. This response is an example of:

Accepted Answer

Active Acceptance

Answer

Passive Acceptance

Answer

Mitigation

Answer

Transfer

Question 6

Which of the following statements provides the most accurate distinction between the 'Mitigate' and 'Avoid' threat response strategies?

Accepted Answer

Avoidance aims to eliminate the cause of a threat entirely, while Mitigation seeks to reduce its probability or impact.

Answer

Mitigation involves third parties through contracts, while Avoidance focuses on changing the project schedule.

Answer

Mitigation is a passive strategy that uses contingency reserves, while Avoidance is an active strategy.

Answer

Avoidance is only used for risks with high financial impact, while Mitigation is used for schedule risks.