Project Management Risk Response Planning 3

Question 1

A project manager wants to reduce the probability of a supplier delay risk by adding a second approved supplier. This strategy is BEST described as:

Accepted Answer

Mitigate

Answer

Adding a second supplier reduces the probability of the delay risk occurring, which is the definition of mitigation.

Question 2

A risk has been identified that exceeds the project manager's authority level to address. The BEST response is to:

Accepted Answer

Escalate the risk to the sponsor or senior management

Answer

Escalation is the appropriate strategy when a risk falls outside the project's authority or scope to address.

Question 3

Which of the following BEST describes a contingency plan?

Accepted Answer

A pre-planned response that activates when a defined trigger event happens

Answer

A contingency plan is a pre-defined response activated when a specific trigger (risk event) occurs.

Question 4

The 'Exploit' strategy for opportunities aims to:

Accepted Answer

Ensure the opportunity definitely occurs

Answer

Exploiting an opportunity means taking actions to ensure the positive event definitely happens, maximizing its probability to 100%.

Question 5

A project manager updates the project documents and risk register after completing Plan Risk Responses. Which document captures agreed-upon response strategies and risk owners?

Accepted Answer

Risk report

Answer

The risk report (introduced in PMBOK 6) consolidates overall risk exposure and individual risk information including responses and ownership.

Project Management Practice Test

Project Management Practice Test

Project Management Risk Response Planning 3