PMI-RMP Full Practice Test 2

Question 1

A project manager wants to capture the overall effect of uncertainty on the entire project rather than on a single event. Which term best describes this?

Accepted Answer

Overall project risk

Answer

Individual project risk

Answer

Residual risk

Answer

Secondary risk

Question 2

During qualitative risk analysis, what two parameters are most commonly used to prioritize individual project risks?

Accepted Answer

Probability and impact

Answer

Cost and schedule

Answer

Urgency and proximity

Answer

Detectability and manageability

Question 3

A new risk arises directly as a result of implementing a risk response. What is this called?

Accepted Answer

Secondary risk

Answer

Residual risk

Answer

Trigger condition

Answer

Risk owner

Question 4

Which response strategy is appropriate for a positive risk (opportunity) when the team wants to ensure the opportunity is realized by removing uncertainty?

Accepted Answer

Exploit

Answer

Mitigate

Answer

Transfer

Answer

Avoid

Question 5

A contingency reserve is established to address which type of risk?

Accepted Answer

Known risks that have been identified and analyzed

Answer

Unknown-unknown risks

Answer

Risks owned by the sponsor only

Answer

Risks that have already occurred

Question 6

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

Accepted Answer

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

Answer

To assign blame if the risk occurs

Answer

To record who first identified the risk

Answer

To list the sponsor of the project

Question 7

Which document defines how risk management activities will be structured and performed on a project?

Accepted Answer

Risk management plan

Answer

Risk register

Answer

Risk report

Answer

Issue log