PMBOK PMBOK Risk Management Processes Questions and Answers 2

Question 1

Which process involves prioritizing individual project risks by assessing their probability of occurrence and impact?

Accepted Answer

Perform Qualitative Risk Analysis

Answer

Perform Quantitative Risk Analysis

Answer

Plan Risk Responses

Answer

Identify Risks

Question 2

What is the primary output of the Plan Risk Management process?

Accepted Answer

Risk management plan

Answer

Risk register

Answer

Risk report

Answer

Issue log

Question 3

During Implement Risk Responses, who is primarily responsible for executing the agreed-upon risk response strategies?

Accepted Answer

Risk owner

Answer

Project manager

Answer

Project sponsor

Answer

Quality assurance team

Question 4

Which technique uses models to simulate the combined effect of individual risks and other sources of uncertainty on project objectives?

Accepted Answer

Monte Carlo simulation

Answer

Decision tree analysis

Answer

SWOT analysis

Answer

Influence diagrams

Question 5

What is a fallback plan in the context of project risk management?

Accepted Answer

A plan activated when the primary risk response proves ineffective

Answer

A plan to avoid all identified risks

Answer

A plan created after project closure

Answer

A plan that replaces the risk management plan

Question 6

Which risk response strategy involves shifting the negative impact of a risk to a third party?

Accepted Answer

Transfer

Answer

Mitigate

Answer

Avoid

Answer

Accept