A project manager is reviewing the effectiveness of the risk practice after a project phase. The team has been diligent in identifying and assessing risks, but several high-impact risks occurred without any warning. The project manager suspects that the risk management process is not effective. What is the most likely reason for this ineffectiveness?

The risk management approach did not include a communication plan

The probability and impact scales were not calibrated correctly

The risk register was not updated frequently enough

The team did not plan and implement responses for the identified risks

In PRINCE2, what does the risk matrix (probability-impact grid) help to determine?

The overall risk exposure of the project

The risk budget required for the project

The risk response strategy to be used

What is the purpose of the 'Exploit' response strategy for an opportunity?

To increase the probability and/or impact of the opportunity

To share the opportunity with a third party

To reduce the probability of the opportunity occurring

PRINCE2 Practitioner (Version 7)

Domain 3Objective 5

3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 3)

Part of the Understand how to apply and tailor relevant aspects of PRINCE2 practices in context domain, which accounts for 51% of the PRINCE2-PRACTITIONER-VERSION-7 exam. PeopleCert does not publish an official question count, but from its 150-minute exam (~60–100 total, ~31–51 in this domain), expect 4–7 from this objective — we provide 34 practice questions to prepare you well beyond it. (estimate)

34questions here

7free pages

9concepts

51%of the exam

Questions 11–15

11application · easy
A project manager is preparing a report for the project board. The board wants to see the current status of all major risks, including any changes since the last report. Which document should the project manager use as the primary source for this information?
Select an answer first
12expert · hard
A project manager is reviewing the effectiveness of the risk practice after a project phase. The team has been diligent in identifying and assessing risks, but several high-impact risks occurred without any warning. The project manager suspects that the risk management process is not effective. What is the most likely reason for this ineffectiveness?
Select an answer first
13foundation · easy
Which of the following is a threat response strategy in PRINCE2?
Select an answer first
14foundation · easy
In PRINCE2, what does the risk matrix (probability-impact grid) help to determine?
Select an answer first
15foundation · easy
What is the purpose of the 'Exploit' response strategy for an opportunity?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to PRINCE2-PRACTITIONER-VERSION-7

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PeopleCert. “PRINCE2-PRACTITIONER-VERSION-7” is a trademark of its owner, used for identification only.

3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 3)

Questions 11–15

A project manager is preparing a report for the project board. The board wants to see the current status of all major risks, including any changes since the last report. Which document should the project manager use as the primary source for this information?

Which of the following is a threat response strategy in PRINCE2?

In PRINCE2, what does the risk matrix (probability-impact grid) help to determine?

What is the purpose of the 'Exploit' response strategy for an opportunity?

Keep studying — Understand how to apply and tailor relevant aspects of PRINCE2 practices in context