Project Risk Management Qualitative Risk Analysis 3

Question 1

Which of the following is an example of a 'secondary risk'?

Accepted Answer

A risk created as a result of implementing a risk response

Answer

Secondary risks emerge as a direct consequence of executing a risk response action and must be identified and tracked.

Question 2

During qualitative risk analysis, the team discovers two risks that always occur together. What should the project manager do?

Accepted Answer

Analyze them as correlated risks that may amplify each other

Answer

Correlated risks that co-occur can compound their impact and should be analyzed together to understand the combined effect.

Question 3

What is the primary output of the Perform Qualitative Risk Analysis process?

Accepted Answer

Updates to the risk register with priority ratings

Answer

The main output is an updated risk register containing prioritized risks based on probability and impact ratings.

Question 4

A stakeholder insists that a risk the team rated 'Low' is actually critical. What is the best approach?

Accepted Answer

Revisit the assessment using additional data and perspectives

Answer

Re-examining the risk with additional data and diverse perspectives ensures the assessment reflects the most accurate understanding.

Question 5

Which characteristic makes a risk a candidate for 'watch list' status rather than active management?

Accepted Answer

Low probability and low impact

Answer

Risks with both low probability and low impact are typically placed on a watch list to monitor without dedicating significant resources.

Project Risk Management Practice Test