PMI-RMP Implement Risk Responses 2 — Questions and Answers
Question 1: A risk owner is responsible for executing the agreed-upon response, but who is typically assigned to carry out the specific actions of the response plan?
- The risk action owner (Correct answer)
- The project sponsor
- The PMO director
- The procurement manager
Correct answer: The risk action owner
The risk action owner is the person assigned to perform the specific risk response actions, distinct from the risk owner who monitors the risk.
Question 2: During implementation of risk responses, an unanticipated risk emerges that requires immediate action. What is this commonly called?
- A workaround (Correct answer)
- A residual risk
- A secondary risk
- A trigger condition
Correct answer: A workaround
A workaround is an unplanned response to a risk that was not previously identified or was accepted passively.
Question 3: After implementing a response, a new risk arises that is a direct consequence of that response. This is known as what?
- Secondary risk (Correct answer)
- Residual risk
- Inherent risk
- Overall project risk
Correct answer: Secondary risk
A secondary risk is a new risk created directly by the implementation of a risk response.
Question 4: Which document should the risk manager update immediately after a risk response is implemented to reflect actions taken and remaining exposure?
- Risk register (Correct answer)
- Project charter
- Stakeholder register
- Scope statement
Correct answer: Risk register
The risk register is updated to record implemented responses, residual risks, and any new secondary risks.
Question 5: A risk response is being implemented but the assigned action owner lacks authority over the needed resources. What should the risk owner do FIRST?
- Escalate to the project manager for resource authorization (Correct answer)
- Cancel the response plan
- Accept the risk passively
- Transfer the risk to a vendor
Correct answer: Escalate to the project manager for resource authorization
When an action owner lacks authority, the risk owner should escalate to the project manager who can authorize the needed resources.
Question 6: What is the primary purpose of implementing risk responses in the project lifecycle?
- To ensure agreed-upon responses are executed as planned (Correct answer)
- To identify new risks
- To perform quantitative analysis
- To close the project
Correct answer: To ensure agreed-upon responses are executed as planned
Implement Risk Responses ensures that the responses planned during Plan Risk Responses are actually carried out.
Question 7: The remaining exposure after a risk response has been implemented is referred to as what?
- Residual risk (Correct answer)
- Secondary risk
- Workaround
- Risk appetite
Correct answer: Residual risk
Residual risk is the risk that remains after planned responses have been taken.
PMI-RMP Implement Risk Responses 2
A risk owner is responsible for executing the agreed-upon response, but who is typically assigned to carry out the specific actions of the response plan?