PMI Risk Register & Response Planning 3

Question 1

Which risk response strategy for opportunities is the opposite of 'Avoid' for threats?

Accepted Answer

Exploit

Answer

Exploit seeks to ensure the opportunity definitely occurs, mirroring how Avoid seeks to eliminate a threat entirely.

Question 2

A project manager wants to reduce the probability of a critical risk occurring. Which response strategy is being used?

Accepted Answer

Mitigate

Answer

Mitigation reduces the probability or impact of a threat, though it does not eliminate the risk entirely.

Question 3

The risk register entry for 'risk cause' documents:

Accepted Answer

The root source or condition that may give rise to the risk

Answer

The risk cause identifies the underlying condition or event that could lead to the risk materializing.

Question 4

Which document establishes thresholds and risk appetite that guide how risks are prioritized in the risk register?

Accepted Answer

Risk management plan

Answer

The risk management plan defines methodology, roles, risk categories, probability/impact scales, and stakeholder risk tolerances.

Question 5

When a risk exceeds the project team's authority or threshold and must be handled at a higher organizational level, the correct response is to:

Accepted Answer

Escalate

Answer

Escalation is used when a risk falls outside the project's scope of control and requires executive or organizational-level response.

(PMI) Project Management Institute Certified Practice Test