PMI-RMP Risk Management Framework 3

Question 1

Stakeholder risk tolerance should be assessed during which framework activity?

Accepted Answer

Plan Risk Management

Answer

Understanding stakeholder tolerances is part of planning how risk will be managed.

Question 2

The risk management plan should specify the timing and frequency of risk activities. This element is referred to as:

Accepted Answer

Cadence or timing of risk processes

Answer

Timing defines how often risk processes are performed throughout the project life cycle.

Question 3

Which of the following best represents 'risk threshold' in the framework?

Accepted Answer

The level of risk exposure above which action is required

Answer

A risk threshold is the measure of acceptable variation around an objective that triggers a response.

Question 4

The roles and responsibilities for risk management, including a risk owner's duties, are defined in which document?

Accepted Answer

Risk management plan

Answer

The risk management plan assigns roles, responsibilities, and authority for risk activities.

Question 5

An organization's standardized risk process assets, such as templates and lessons learned, are classified as:

Accepted Answer

Organizational process assets

Answer

Templates, policies, and historical risk data are organizational process assets used in planning.

PMI-RMP Practice Test