PMI-RMP Plan Risk Management 2

Question 1

What is the primary output of the Plan Risk Management process?

Accepted Answer

Risk management plan

Answer

Risk register

Answer

Risk report

Answer

Probability and impact matrix

Question 2

When during a project should Plan Risk Management be performed?

Accepted Answer

Early in the project, completed before mid-project

Answer

Only at project closeout

Answer

After all risks are identified

Answer

Only when a risk occurs

Question 3

Which document defines the methodology, roles, and timing for risk activities?

Accepted Answer

Risk management plan

Answer

Project charter

Answer

Stakeholder register

Answer

Scope statement

Question 4

What does 'risk appetite' describe in risk management planning?

Accepted Answer

The degree of uncertainty an organization is willing to accept in anticipation of reward

Answer

The cost of risk responses

Answer

The number of risks identified

Answer

The schedule reserve available

Question 5

Which technique is commonly used to develop the risk management plan?

Accepted Answer

Expert judgment and meetings

Answer

Monte Carlo simulation

Answer

Decision tree analysis

Answer

Sensitivity analysis

Question 6

What does 'risk threshold' represent?

Accepted Answer

The level of risk exposure above which action is required

Answer

The total budget reserve

Answer

The list of all known risks

Answer

The probability of the most likely risk

Question 7

Which input provides the overall risk attitudes and tolerances of stakeholders?

Accepted Answer

Enterprise environmental factors

Answer

Work breakdown structure

Answer

Activity cost estimates

Answer

Quality metrics