PMI-RMP Threat Response Strategies 4

Question 1

Residual risk refers to:

Accepted Answer

Risk remaining after a response is implemented

Answer

Risk transferred to a vendor

Answer

Risk created by a response

Answer

Risk that was avoided

Question 2

A project relies on a single vendor and the team adds a backup vendor to reduce the impact of supplier failure. This is:

Accepted Answer

Mitigate

Answer

Avoid

Answer

Transfer

Answer

Accept

Question 3

When selecting a threat response, which factor is MOST important to evaluate?

Accepted Answer

The cost-effectiveness relative to the risk's severity

Answer

The preference of the project sponsor

Answer

The ease of documentation

Answer

The number of stakeholders involved

Question 4

A threat that would require resources beyond the project budget and authority to address is most appropriately handled by:

Accepted Answer

Escalation to the program or portfolio level

Answer

Mitigation within the team

Answer

Passive acceptance

Answer

Transfer to a subcontractor

Question 5

Cancelling a feature that carries an unacceptable safety threat is an example of:

Accepted Answer

Avoid

Answer

Transfer

Answer

Accept

Answer

Mitigate

Question 6

Which of the following BEST describes a risk response owner's role?

Accepted Answer

Executing the agreed response and monitoring the risk

Answer

Approving the project budget

Answer

Identifying all project stakeholders

Answer

Setting the organizational risk appetite

Question 7

A contingency plan differs from a fallback plan in that a fallback plan is:

Accepted Answer

Used if the primary response is ineffective

Answer

Always documented in the issue log

Answer

Only for opportunities

Answer

Executed before any risk occurs