During a project, a new risk is identified: a key supplier may go out of business. The project manager assesses the probability as high and the impact as high. The team decides to identify an alternative supplier and sign a pre-agreement. According to PRINCE2, where should the project manager record this risk and its planned response?

In the risk management approach

In the PRINCE2 risk management procedure, what is the purpose of the 'Implement' step?

To identify new risks that may arise during the project

To execute the planned risk responses and track their effectiveness

To assess the probability and impact of each risk

To communicate risk information to stakeholders

Which of the following is typically recorded in the risk register?

The probability, impact, and proximity of each risk

The project's risk budget and contingency plan

The names of all project team members and their roles

The risk management procedure and techniques

PRINCE2 Practitioner (Version 7)

Domain 3Objective 5

3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 5)

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 21–25

21application · medium
A project has an opportunity to complete a phase early if a new software tool is adopted. The project manager wants to increase the likelihood of this opportunity. What type of response is this?
Select an answer first
22application · easy
During a project, a new risk is identified: a key supplier may go out of business. The project manager assesses the probability as high and the impact as high. The team decides to identify an alternative supplier and sign a pre-agreement. According to PRINCE2, where should the project manager record this risk and its planned response?
Select an answer first
23foundation · easy
Which role is responsible for providing independent assurance that the risk practice is being applied effectively?
Select an answer first
24foundation · easy
In the PRINCE2 risk management procedure, what is the purpose of the 'Implement' step?
Select an answer first
25foundation · easy
Which of the following is typically recorded in the risk register?
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 5)

Questions 21–25

A project has an opportunity to complete a phase early if a new software tool is adopted. The project manager wants to increase the likelihood of this opportunity. What type of response is this?

Which role is responsible for providing independent assurance that the risk practice is being applied effectively?

In the PRINCE2 risk management procedure, what is the purpose of the 'Implement' step?

Which of the following is typically recorded in the risk register?

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