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

The risk management plan is the sole output of the Plan Risk Management process.

Question 2

When during a project should Plan Risk Management be performed?

Accepted Answer

Early in the project, completed before mid-project

Answer

Plan Risk Management should begin when the project is conceived and be completed early in the project.

Question 3

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

Accepted Answer

Risk management plan

Answer

The risk management plan describes how risk management activities will be structured and performed.

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

Risk appetite is the level of uncertainty an entity is willing to take on in anticipation of a reward.

Question 5

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

Accepted Answer

Expert judgment and meetings

Answer

Expert judgment, data analysis, and planning meetings are key tools for Plan Risk Management.

PMI-RMP Practice Test