PMI-RMP Risk Categorization and Risk Breakdown Structure 3

Question 1

Which project document is the primary source of information used to tailor risk categories for a specific project?

Accepted Answer

Organizational process assets, including lessons learned and previous RBS templates

Answer

The project charter

Answer

The stakeholder register

Answer

The responsibility assignment matrix

Question 2

A PMI-RMP practitioner finds that many risks in the 'External' category involve regulatory changes. What is the most appropriate next step?

Accepted Answer

Create a sub-category for regulatory risks and appoint a specialist risk owner for that area

Answer

Remove all regulatory risks from the risk register as uncontrollable

Answer

Transfer all regulatory risks to the legal department and close them in the register

Answer

Accept all regulatory risks immediately since they cannot be influenced by the project team

Question 3

How does risk categorization help in identifying appropriate risk owners?

Accepted Answer

It groups risks by their functional area, making it easier to assign owners with relevant expertise

Answer

It assigns ownership alphabetically by category name

Answer

It ensures that the project manager owns all risks in every category

Answer

It eliminates the need for risk owners once categories are defined

Question 4

What distinguishes 'technical risks' from 'external risks' in a Risk Breakdown Structure?

Accepted Answer

Technical risks originate from the project's technology and design, while external risks come from factors outside the organization's control

Answer

Technical risks have higher probability while external risks always have higher impact

Answer

Technical risks are always quantifiable while external risks are qualitative only

Answer

Technical risks are owned by the project manager while external risks are owned by sponsors

Question 5

Which of the following best illustrates the use of risk categories to identify secondary risks?

Accepted Answer

After a risk response is implemented, reviewing each RBS category for new risks the response may have introduced

Answer

Listing all risks alphabetically and checking for duplicates across categories

Answer

Using categories to confirm that all identified risks have been accepted

Answer

Mapping each category to a specific cost estimate in the project budget

Question 6

How does the Risk Breakdown Structure support the organization of the risk register?

Accepted Answer

RBS categories are used as a field in the risk register to group and filter risks by type

Answer

The RBS replaces the risk register as the primary risk documentation tool

Answer

The RBS assigns numerical IDs to risks that become their probability scores in the register

Answer

The RBS defines the maximum number of risks that can be entered in the register

Question 7

Which PMI-RMP process uses the Risk Breakdown Structure as a key input to ensure comprehensive risk identification?

Accepted Answer

Identify Risks

Answer

Perform Quantitative Risk Analysis

Answer

Implement Risk Responses

Answer

Monitor Risks