What is the purpose of evaluating the effectiveness of the risk practice in a PRINCE2 project?

To assign risk owners to each risk

To create the risk management approach

To update the risk register with new risks

To ensure that risk management is fit for purpose and adds value to the project

Which of the following is typically included in the risk management approach?

The risk response strategies to be used for each specific risk

The risk budget and the names of the risk owners

The risk management procedure, techniques, and reporting requirements

A list of all identified risks with their probability and impact scores

What is the purpose of communicating risk information to stakeholders?

To update the risk management approach

To record the probability and impact of each risk

To ensure that stakeholders are aware of risks and can make informed decisions

To assign risk owners to each risk

A project manager is using a risk matrix to prioritize risks. Two risks have the same score: Risk A has a high probability and low impact, while Risk B has a low probability and high impact. The project manager needs to decide which risk to address first. What is the most appropriate consideration?

Consider the risk appetite of the organization and the potential consequences

Address Risk B first because it has a higher impact

Treat both risks equally because they have the same score

Address Risk A first because it is more likely to occur

In the PRINCE2 risk practice, what is the primary responsibility of the project manager regarding risk?

To make final decisions on risk responses

To own and manage the risk management approach

To manage the risk management procedure on a day-to-day basis

To provide independent assurance that risk management is effective

PRINCE2 Practitioner (Version 7)

Domain 3Objective 5

3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 4)

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 16–20

16foundation · easy
What is the purpose of evaluating the effectiveness of the risk practice in a PRINCE2 project?
Select an answer first
17foundation · easy
Which of the following is typically included in the risk management approach?
Select an answer first
18foundation · easy
What is the purpose of communicating risk information to stakeholders?
Select an answer first
19expert · hard
A project manager is using a risk matrix to prioritize risks. Two risks have the same score: Risk A has a high probability and low impact, while Risk B has a low probability and high impact. The project manager needs to decide which risk to address first. What is the most appropriate consideration?
Select an answer first
20foundation · easy
In the PRINCE2 risk practice, what is the primary responsibility of the project manager regarding risk?
Select an answer first

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