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

Organizational process assets such as historical risk registers, lessons learned, and standard RBS templates provide the foundation for defining project-specific risk categories.

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

When many risks cluster in a specific area, creating a sub-category and assigning a specialist owner improves focused management attention and accountability for that risk type.

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

Categorizing risks by functional area (e.g., technical, procurement, legal) makes it straightforward to assign ownership to individuals or teams with the appropriate domain expertise.

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 arise from the project's own technology choices, design, and complexity, while external risks come from factors outside the project and organization such as market, regulatory, or environmental forces.

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

Secondary risks are new risks created by implementing a risk response; reviewing RBS categories after responses are planned helps ensure no new risks introduced by those responses have been missed.

PMI-RMP Practice Test

PMI-RMP Practice Test

PMI-RMP Risk Categorization and Risk Breakdown Structure 3