3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 2)

Questions 6–10

1. 6expert · medium

   A project has a risk that a critical supplier may fail to deliver on time. The project manager is considering two responses: (1) find an alternative supplier now, or (2) wait and see if the risk occurs. The project manager wants to minimize the impact of the risk. What is the most appropriate response?

   • AFind an alternative supplier now
   • BTransfer the risk to the supplier
   • CWait and see if the risk occurs
   • DAvoid the risk by canceling the project
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2. 7foundation · easy

   What is the primary purpose of the risk register in PRINCE2?

   • ATo provide a detailed plan for the entire project
   • BTo record identified risks, their assessment, and the planned responses
   • CTo assign roles and responsibilities for risk management
   • DTo define the risk management procedure and techniques
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4. 8expert · hard

   In a project, the project manager is responsible for maintaining the risk register. However, the project board has requested that all risk information be reported directly to them, bypassing the project manager. The project manager is concerned about this arrangement. What is the most appropriate action for the project manager?

   • ARefuse the request and continue reporting as before
   • BDiscuss the request with the board and clarify the project manager's role in risk reporting
   • CUpdate the risk management approach to remove the project manager's role
   • DComply with the board's request and provide direct access to the risk register
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5. 9foundation · easy

   What is the correct order of the five steps in the PRINCE2 risk management procedure?

   • AIdentify, Assess, Implement, Plan, Communicate
   • BIdentify, Assess, Plan, Implement, Communicate
   • CAssess, Identify, Plan, Implement, Communicate
   • DIdentify, Plan, Assess, Implement, Communicate
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6. 10expert · hard

   A project manager is evaluating the effectiveness of the risk practice. The team has been using a risk register and holding regular risk reviews. However, the project board is not receiving timely risk information. What is the most likely cause of this issue?

   • AThe risk register is not being updated
   • BThe project manager is not using the risk matrix correctly
   • CThe team is not identifying enough risks
   • DThe risk management approach does not define reporting requirements
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