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

Questions 31–34

1. 31application · medium

   A project manager is facilitating a risk identification workshop. The project board has asked for regular updates on the top risks. During the workshop, a team member suggests a risk that the project manager believes is unlikely but could have a major impact. According to PRINCE2, who is ultimately responsible for ensuring that risk management is performed effectively and that the risk register is maintained?

   • AThe team manager
   • BThe project manager
   • CThe project assurance
   • DThe project board
   Reveal Solution Discussion Select an answer first
2. 32foundation · easy

   What is the purpose of using probability and impact scales in risk assessment?

   • ATo provide a consistent basis for evaluating and comparing risks
   • BTo calculate the risk budget
   • CTo determine the risk response strategy
   • DTo assign a risk owner to each risk
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   What is the primary purpose of the risk management approach in a PRINCE2 project?

   • ATo provide a detailed plan for responding to each identified risk
   • BTo record the details of each identified risk and its status
   • CTo assign risk owners and actionees for each risk
   • DTo define the procedure, techniques, and reporting for managing risk throughout the project
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   Which factor should be considered when tailoring the risk practice to a project's environment?

   • AThe number of risks identified in the risk register
   • BThe availability of risk management software
   • CThe project's scale, complexity, and organizational standards
   • DThe personal preferences of the project manager
   Reveal Solution Discussion Select an answer first