PMI-RMP Risk Management Framework 2

Question 1

Which process establishes the scope, criteria, and approach for managing risk on a project according to the PMI-RMP framework?

Accepted Answer

Plan Risk Management

Answer

Identify Risks

Answer

Perform Qualitative Risk Analysis

Answer

Monitor Risks

Question 2

A project manager wants to define risk thresholds aligned to organizational risk appetite. Where are these documented?

Accepted Answer

Risk management plan

Answer

Risk register

Answer

Issue log

Answer

Stakeholder register

Question 3

Risk appetite is best described as which of the following?

Accepted Answer

The degree of uncertainty an entity is willing to take on in anticipation of reward

Answer

The measurable amount of uncertainty acceptable on a single objective

Answer

A specific point at which risk becomes unacceptable

Answer

The probability that a risk event occurs

Question 4

Within the risk management framework, the EEFs (Enterprise Environmental Factors) most relevant to Plan Risk Management include which item?

Accepted Answer

Organizational risk attitudes and thresholds

Answer

The project schedule baseline

Answer

The work breakdown structure

Answer

The cost performance index

Question 5

A framework component defines categories used to group risks systematically. What tool documents these categories?

Accepted Answer

Risk breakdown structure (RBS)

Answer

Resource breakdown structure

Answer

Probability and impact matrix

Answer

Decision tree

Question 6

Which document provides definitions of probability and impact levels to ensure consistent risk assessment across the project?

Accepted Answer

Probability and impact definitions in the risk management plan

Answer

Assumptions log

Answer

Lessons learned register

Answer

Change log

Question 7

When tailoring the risk management framework for a small, low-complexity project, the appropriate action is to:

Accepted Answer

Scale the processes to fit project size and complexity

Answer

Skip risk management entirely

Answer

Apply the full enterprise framework unchanged

Answer

Delegate all risk work to the sponsor