3.5 Risk PRINCE2-PRACTITIONER-VERSION-7 Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   In PRINCE2, where is risk information typically recorded and communicated to stakeholders?

   • AIn the business case
   • BIn the project plan
   • CIn the risk register
   • DIn the communication management approach
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2. 27application · medium

   A project manager is using a 5x5 risk matrix to assess a risk. The probability is rated as 4 (likely) and the impact as 5 (severe). The risk score is 20, which falls in the 'red' zone. What should the project manager do next?

   • AAccept the risk because it is already in the red zone
   • BIgnore the risk because it is unlikely to happen
   • CTransfer the risk to the project board
   • DPlan a response to reduce the risk exposure
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4. 28expert · hard

   A project is being run in an organization that has a very mature risk management framework. The project manager wants to tailor the PRINCE2 risk practice to align with the organization's framework. What is the most important consideration when tailoring?

   • AAdopt the organization's framework completely and drop PRINCE2 risk management
   • BIntegrate the organization's framework with PRINCE2, ensuring key principles are maintained
   • CUse PRINCE2 risk management for the project and the organization's framework for other projects
   • DEnsure the PRINCE2 risk practice is used exactly as defined
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5. 29application · easy

   A project manager is leading a risk identification session. The team brainstorms potential risks and records them in the risk register. After the session, the project manager wants to evaluate the probability and impact of each risk. Which step of the risk management procedure does this evaluation represent?

   • APlan
   • BIdentify
   • CAssess
   • DImplement
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6. 30application · medium

   A project manager is updating the risk management approach for a medium-sized IT project. The organization has a standard risk procedure, but the project board wants to ensure that risk information is visible to all team members and stakeholders in a timely manner. The project manager decides to define a specific frequency and format for risk reporting in the approach. Which element of the risk management approach is the project manager primarily defining?

   • AThe risk management procedure steps
   • BThe risk response planning techniques
   • CThe risk register content
   • DThe risk reporting and communication arrangements
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