PMI-RMP Plan Risk Management 3

Question 1

A project manager tailors the depth of risk management to project size and complexity. What principle is being applied?

Accepted Answer

Proportionality of risk effort to project value

Answer

Risk management effort should be scaled appropriately to the project's importance and complexity.

Question 2

Which section of the risk management plan defines how probability and impact will be rated?

Accepted Answer

Definitions of probability and impact / risk categories

Answer

The plan includes definitions of probability and impact levels used in qualitative analysis.

Question 3

What tool organizes risk categories into a hierarchical structure during planning?

Accepted Answer

Risk breakdown structure (RBS)

Answer

The risk breakdown structure (RBS) categorizes potential sources of risk hierarchically.

Question 4

Why are roles and responsibilities defined in the risk management plan?

Accepted Answer

To clarify who leads, supports, and participates in each risk activity

Answer

Defining roles ensures accountability for risk management actions throughout the project.

Question 5

Which element of the risk management plan specifies the frequency of risk reviews?

Accepted Answer

Timing

Answer

The timing element defines when and how often risk management activities are performed.

PMI-RMP Practice Test