PMI-RMP Implement Risk Responses 5

Question 1

An opportunity response was to 'share' the upside with a third party. During implementation, what structure is commonly used?

Accepted Answer

A partnership or joint venture

Answer

Sharing an opportunity often involves partnerships, joint ventures, or teaming agreements to capture the benefit jointly.

Question 2

While implementing responses, the risk manager must communicate status to stakeholders. Which document defines how and how often this occurs?

Accepted Answer

Communications management plan

Answer

The communications management plan defines the methods, frequency, and audience for reporting, including risk response status.

Question 3

A risk was 'accepted' actively. What does active acceptance typically require during implementation?

Accepted Answer

Establishing a contingency reserve

Answer

Active acceptance typically involves setting aside a contingency reserve of time, money, or resources to handle the risk if it occurs.

Question 4

During implementation, several responses compete for the same limited resource. What technique helps prioritize which to execute first?

Accepted Answer

Prioritizing by risk score and proximity

Answer

Responses should be prioritized using risk score (probability x impact) and proximity (how soon the risk may occur).

Question 5

An expert judgment input is sought during Implement Risk Responses. Who would MOST appropriately provide it?

Accepted Answer

Individuals with specialized knowledge of the response actions

Answer

Expert judgment comes from individuals with specialized knowledge relevant to validating and adjusting the response actions.

PMI-RMP Practice Test