Mixed Deck — All PMI-RMP Topics Flashcards

What is the primary purpose of a risk register's 'risk owner' field?

Answer: To identify who is responsible for monitoring and responding to the risk

The risk owner is the person responsible for monitoring the risk and implementing the agreed response.

Which document records the chosen threat response strategy and the assigned risk owner?

Answer: Risk register

The risk register captures identified risks, their responses, and the assigned risk owners.

When running a schedule risk simulation, which network paths are most likely to become critical under uncertainty?

Answer: Near-critical paths with high duration variability

Near-critical paths with high variability can overtake the original critical path, revealing criticality risk.

Which tool uses categories such as PESTLE, TECOP, or VUCA to stimulate ideas about sources of individual project risk?

Answer: Prompt lists

Prompt lists are predetermined lists of risk categories (PESTLE, TECOP, VUCA) that prompt teams to consider relevant risk sources.

The remaining exposure after a risk response has been implemented is referred to as what?

Answer: Residual risk

Residual risk is the risk that remains after planned responses have been taken.

An influential stakeholder becomes resistant after a risk response increases project cost. What should the risk manager do?

Answer: Engage them to explain trade-offs and rebuild support

Active engagement and transparency on trade-offs help restore stakeholder support.

Which technique involves reviewing project documents such as plans, contracts, and lessons learned to identify risks from inconsistencies and gaps?

Answer: Document analysis

Document analysis reviews project documentation to find risks indicated by inconsistencies, gaps, or misalignment.

A threat is outside the project manager's authority and affects the wider organization. The appropriate response is to:

Answer: Escalate it

Escalation is used when a threat is beyond the project's scope or the PM's authority and must be addressed at a higher level.

Which of the following is the PRIMARY objective of the Perform Quantitative Risk Analysis process?

Answer: To numerically analyze the combined effect of identified individual project risks on overall project objectives.

The primary objective of the Perform Quantitative Risk Analysis process is to numerically analyze the aggregate effect of identified risks on the overall project objectives. Option A describes Identify Risks, B describes Perform Qualitative Risk Analysis, and D describes Plan Risk Responses.

Within the risk management framework, the EEFs (Enterprise Environmental Factors) most relevant to Plan Risk Management include which item?

Answer: Organizational risk attitudes and thresholds

Risk attitudes, appetites, and thresholds are key enterprise environmental factors influencing risk planning.

Which document defines the methodology, roles, and timing for risk activities?

Answer: Risk management plan

The risk management plan describes how risk management activities will be structured and performed.

Which technique is commonly used to develop the risk management plan?

Answer: Expert judgment and meetings

Expert judgment, data analysis, and planning meetings are key tools for Plan Risk Management.

Why is managing stakeholder expectations critical to risk response success?

Answer: Misaligned expectations can undermine response execution

Unmanaged expectations create resistance that derails risk responses.

Which best indicates successful stakeholder engagement in risk management?

Answer: Active participation and timely risk reporting

Engagement success shows as active involvement and prompt risk communication.

Which risk identification technique gathers expert input anonymously over several rounds to reach consensus and reduce bias?

Answer: Delphi technique

The Delphi technique uses anonymous, iterative expert questionnaires to build consensus while minimizing bias.

Quantitative risk analysis is most justified on which type of project?

Answer: Large or complex projects where overall risk exposure must be quantified

Quantitative analysis adds the most value on large or complex projects where numeric risk exposure informs decisions and reserves.

Which of the following is a significant limitation of relying solely on checklists for risk identification?

Answer: They can stifle creative thinking and fail to identify project-specific risks.

The primary disadvantage of using checklists is that they can provide a false sense of security and limit out-of-the-box thinking. Teams may focus only on the items listed and overlook unique or emerging risks that are not on the standardized list. Therefore, checklists are best used as a supplement to other techniques, not as the sole tool for risk identification.

A team reviews the assumptions log to test whether each assumption is valid and complete. This is an example of which technique?

Answer: Assumption and constraint analysis

Assumption and constraint analysis explores the validity of assumptions and constraints to identify risks from their inaccuracy or instability.

A risk manager notices that team members are not reporting risks because they fear blame. What should the risk manager do?

Answer: Foster a psychologically safe culture where risk reporting is encouraged

A blame-free environment promotes open risk identification and timely reporting, which is fundamental to effective risk management.

During risk monitoring, a previously identified risk has not occurred and its triggers are no longer relevant. What is the appropriate action?

Answer: Close the risk and update the risk register

Risks that are no longer relevant should be closed and documented in the risk register.