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

A risk trigger is the warning sign or condition that indicates a risk is about to occur, prompting the contingency response.

Question 2

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

Accepted Answer

Contingency reserve

Answer

Contingency reserves are allocated for known risks with planned responses and are drawn upon when those risks occur.

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

Management reserves cover unknown unknowns and require management approval to access for unidentified risks.

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

Successful opportunity responses should be documented and communicated, with the risk register updated to capture the realized benefit.

Question 5

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

Accepted Answer

Influencing

Answer

Influencing is the key interpersonal skill used to ensure risk action owners take ownership and act on their responsibilities.

PMI-RMP Practice Test