PMI-RMP Qualitative Risk Analysis 2

Question 1

A project manager assigns each identified risk a probability score of 1-5 and an impact score of 1-5, then multiplies them. What technique is being used?

Accepted Answer

Probability and impact matrix

Answer

Decision tree analysis

Answer

Monte Carlo simulation

Answer

Expected monetary value analysis

Question 2

During qualitative risk analysis, a risk's probability could not be reliably estimated because the data source was unverified. What should the team assess?

Accepted Answer

The quality of the risk data

Answer

The reserve analysis

Answer

The risk appetite of stakeholders

Answer

The schedule baseline

Question 3

Which output is primarily updated as a result of performing qualitative risk analysis?

Accepted Answer

Risk register

Answer

Project charter

Answer

Cost baseline

Answer

Stakeholder register

Question 4

A team groups risks by their root causes to determine which areas of the project are most exposed. What is this called?

Accepted Answer

Risk categorization

Answer

Risk urgency assessment

Answer

Risk reassessment

Answer

Risk audit

Question 5

Risks requiring near-term responses are flagged as more important during analysis. Which factor drives this prioritization?

Accepted Answer

Risk urgency

Answer

Risk impact only

Answer

Risk probability only

Answer

Risk owner availability

Question 6

A stakeholder who is risk-averse rates the same impact level higher than a risk-tolerant stakeholder. What does this illustrate?

Accepted Answer

The subjective bias inherent in qualitative analysis

Answer

Data precision error

Answer

A flaw in the risk register

Answer

Quantitative uncertainty

Question 7

After qualitative analysis, a low-priority risk is placed on a list for periodic monitoring with no immediate action. What is this list called?

Accepted Answer

Watchlist

Answer

Issue log

Answer

Assumption log

Answer

Change log