PMI-RMP The Risk Register 2 — Questions and Answers
Question 1: During which process is the risk register first created?
- Identify Risks (Correct answer)
- Plan Risk Management
- Perform Quantitative Risk Analysis
- Monitor Risks
Correct answer: Identify Risks
The risk register is initially created as an output of the Identify Risks process.
Question 2: Which element is typically NOT recorded in the risk register at the moment of risk identification?
- Risk description
- Potential risk owner
- Detailed quantitative cost impact in dollars (Correct answer)
- List of potential responses
Correct answer: Detailed quantitative cost impact in dollars
Detailed quantitative cost impacts are added later during Perform Quantitative Risk Analysis, not at identification.
Question 3: What does the 'risk owner' field in the risk register designate?
- The person who caused the risk
- The person responsible for monitoring the risk and its response (Correct answer)
- The project sponsor only
- The vendor who supplies materials
Correct answer: The person responsible for monitoring the risk and its response
The risk owner is the person responsible for monitoring the risk and ensuring the response is carried out.
Question 4: After Plan Risk Responses, what new information is added to the risk register?
- Only the WBS
- Agreed-upon response strategies and response owners (Correct answer)
- The project charter
- Stakeholder communication preferences
Correct answer: Agreed-upon response strategies and response owners
Plan Risk Responses adds chosen strategies, actions, response owners, and contingency plans to the register.
Question 5: How does the risk register differ from the risk report?
- They are identical documents
- The register lists individual risks; the report summarizes overall project risk and individual risk info (Correct answer)
- The report lists individual risks only
- The register contains no risk data
Correct answer: The register lists individual risks; the report summarizes overall project risk and individual risk info
The risk register details individual project risks, while the risk report presents sources of overall project risk plus summary information.
Question 6: A risk's status is updated to 'closed' in the register when:
- The project ends regardless of the risk
- The risk can no longer occur or its trigger window has passed (Correct answer)
- The risk owner leaves the project
- The risk is identified
Correct answer: The risk can no longer occur or its trigger window has passed
A risk is closed when it can no longer occur or has been fully resolved.
Question 7: Which document feeds risk-related lessons into organizational process assets at project close?
- The risk register and risk report (Correct answer)
- The project budget only
- The procurement contract
- The communications plan
Correct answer: The risk register and risk report
Final versions of the risk register and risk report capture lessons learned for organizational process assets.
PMI-RMP The Risk Register 2
During which process is the risk register first created?