PMI-RMP Threat Response Strategies 4

Question 1

Residual risk refers to:

Accepted Answer

Risk remaining after a response is implemented

Answer

Residual risk is the threat that remains even after a response strategy has been applied.

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

Adding a backup vendor reduces the impact of supplier failure, which is a Mitigate strategy.

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

Responses should be cost-effective and proportional to the significance of the risk.

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

Threats exceeding project authority and resources should be escalated to a higher organizational level.

Question 5

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

Accepted Answer

Avoid

Answer

Eliminating the threat by removing the risky feature entirely is the Avoid strategy.

PMI-RMP Practice Test