PMI Risk Register & Response Planning 2

Question 1

A project manager is updating the risk register after a risk response is implemented. Which field should be updated to reflect residual exposure after the response?

Accepted Answer

Residual risk rating

Answer

The residual risk rating captures the remaining risk exposure after a response strategy has been applied.

Question 2

Which risk response strategy involves shifting the negative impact of a risk to a third party without eliminating the risk?

Accepted Answer

Transfer

Answer

Transfer shifts ownership or financial impact of a risk to another party, such as through insurance or contracts.

Question 3

A risk owner listed in the risk register is responsible for:

Accepted Answer

Monitoring the risk and implementing the response plan

Answer

The risk owner is accountable for monitoring assigned risks and executing the agreed response actions.

Question 4

Which element of the risk register documents what observable signal indicates a risk is about to occur?

Accepted Answer

Risk trigger

Answer

A risk trigger (also called a warning sign) is a condition that signals a risk event is imminent or has occurred.

Question 5

When a project team deliberately decides to acknowledge a risk and take no proactive action, this is known as:

Accepted Answer

Accept

Answer

Acceptance is appropriate when the cost of response outweighs the potential impact or the risk is within tolerance.

(PMI) Project Management Institute Certified Practice Test

(PMI) Project Management Institute Certified Practice Test

PMI Risk Register & Response Planning 2