PMI-RMP Threat Response Strategies 5

Question 1

Which threat response strategy is generally the most appropriate for high-probability, high-impact threats that cannot be eliminated?

Accepted Answer

Mitigate or transfer

Answer

Significant threats that cannot be avoided are typically mitigated or transferred to manage probability or impact.

Question 2

Adding a clause to a contract requiring the seller to carry liability insurance is an example of:

Accepted Answer

Transfer

Answer

Requiring the seller's insurance shifts the financial impact to a third party, a Transfer strategy.

Question 3

Which strategy is appropriate when the cost of any proactive response would exceed the potential impact of the threat?

Accepted Answer

Accept

Answer

When response cost outweighs the threat's impact, acceptance is the rational and cost-effective choice.

Question 4

A trigger condition in risk response planning is used to:

Accepted Answer

Signal when a contingency plan should be executed

Answer

A trigger is a warning sign indicating that a risk is about to occur and the contingency plan should be activated.

Question 5

When a threat is transferred, which element typically remains the responsibility of the project?

Accepted Answer

The risk premium or transfer cost

Answer

Transfer usually involves paying a premium or fee, which remains a cost to the project.

PMI-RMP Practice Test