Project Risk Management Technology & Digital Applications 2 — Questions and Answers
Question 1: A project manager discovers that a third-party SaaS vendor will sunset the platform the project relies on mid-delivery. What is the BEST immediate risk response?
- Ignore it until the vendor officially announces
- Trigger a contingency plan to evaluate alternative platforms (Correct answer)
- Escalate to the sponsor and halt all work
- Remove the dependency from the project scope
Correct answer: Trigger a contingency plan to evaluate alternative platforms
Triggering a contingency plan allows the team to evaluate alternatives while minimizing disruption to delivery.
Question 2: Which risk is MOST associated with adopting an AI-powered decision-support tool in a project management context?
- Scope creep from additional manual tasks
- Algorithmic bias leading to flawed risk prioritization (Correct answer)
- Reduced communication among stakeholders
- Increased procurement lead times
Correct answer: Algorithmic bias leading to flawed risk prioritization
AI tools can embed biases from training data, which may skew risk scoring and prioritization.
Question 3: A project team uses a cloud-based project management tool. A regional data center outage causes a 4-hour access loss. Which risk category does this BEST represent?
- Strategic risk
- Operational/technical risk (Correct answer)
- Legal compliance risk
- Financial risk
Correct answer: Operational/technical risk
Cloud infrastructure outages are operational and technical risks affecting project execution.
Question 4: When integrating a new API into a project system, which technique BEST identifies interface-related risks early?
- Monte Carlo simulation
- Proof-of-concept prototype testing (Correct answer)
- Earned Value Analysis
- Parametric estimating
Correct answer: Proof-of-concept prototype testing
A proof-of-concept tests the API integration early, surfacing interface failures before they become costly.
Question 5: A cybersecurity risk is rated HIGH probability and HIGH impact. The project team decides to implement multi-factor authentication (MFA). This response is BEST classified as:
- Risk acceptance
- Risk avoidance
- Risk mitigation (Correct answer)
- Risk transfer
Correct answer: Risk mitigation
MFA reduces the likelihood of a security breach, making it a risk mitigation strategy.
Question 6: A software project relies on a legacy database that is incompatible with the new application stack. The risk register should include this as a:
- Assumption
- Technical constraint risk (Correct answer)
- Positive risk (opportunity)
- Business risk
Correct answer: Technical constraint risk
Incompatibility between legacy and new systems is a technical constraint risk that must be documented and managed.
Question 7: During risk identification for a digital transformation project, which method is MOST effective for surfacing technology-specific risks that the project team may overlook?
- Cost-benefit analysis
- Expert interviews with IT architects and security specialists (Correct answer)
- Stakeholder satisfaction surveys
- Resource histogram review
Correct answer: Expert interviews with IT architects and security specialists
Expert interviews with domain specialists surface technical risks that generalist project teams may not anticipate.
Project Risk Management Technology & Digital Applications 2
A project manager discovers that a third-party SaaS vendor will sunset the platform the project relies on mid-delivery.
What is the BEST immediate risk response?