PMI-RMP Implement Risk Responses 3

Question 1

A contingency response is triggered when a specific condition occurs. What is this predefined condition called?

Accepted Answer

Risk trigger

Answer

Risk appetite

Answer

Risk threshold

Answer

Risk breakdown structure

Question 2

When implementing responses, which reserve is used to address realized identified risks that had contingency plans?

Accepted Answer

Contingency reserve

Answer

Management reserve

Answer

Cost baseline

Answer

Profit margin

Question 3

An unforeseen risk that was not in the risk register occurs, requiring funds beyond contingency reserves. What reserve is typically used?

Accepted Answer

Management reserve

Answer

Contingency reserve

Answer

Schedule buffer

Answer

Quality reserve

Question 4

During response implementation, the risk manager notices an opportunity response (enhance) is succeeding beyond expectations. What should they do?

Accepted Answer

Document and communicate the benefit, updating the risk register

Answer

Ignore it since opportunities need no tracking

Answer

Convert it to a threat

Answer

Close the project early

Question 5

Which interpersonal skill is MOST important when motivating risk action owners to execute their assigned responses?

Accepted Answer

Influencing

Answer

Data analysis

Answer

Estimating

Answer

Forecasting

Question 6

A transfer response involved purchasing insurance, but a deductible must still be paid when the risk occurs. The deductible represents what?

Accepted Answer

Residual risk

Answer

Secondary risk

Answer

Risk trigger

Answer

Management reserve

Question 7

Which process immediately follows Implement Risk Responses in monitoring whether responses are effective?

Accepted Answer

Monitor Risks

Answer

Identify Risks

Answer

Plan Risk Responses

Answer

Perform Qualitative Risk Analysis