A project team is using a Project Management Information System (PMIS) to track risks. The PMIS has a module for risk registration, but the data quality is poor. Historical data from past projects is incomplete, and the current project's risk data is not being updated consistently by team members. The risk manager needs to produce a reliable risk report for the steering committee. What should the risk manager do first?

Analyze the existing data and present it with a caveat about data quality

Use only qualitative data from expert judgment instead of the PMIS

Establish a data quality standard and enforce regular updates from the team

Implement a new PMIS system with better reporting features

Which of the following actions best supports fostering a risk-aware culture?

Limiting risk discussions to management

Hiding risks until they materialize

Engaging stakeholders in regular risk discussions

Assigning blame for identified risks

During risk management planning, the project manager reviews the organization's historical risk data, lessons learned from past projects, and the company's risk management policy. Which of the following do these items represent?

Enterprise environmental factors

Project management information system outputs

Stakeholder engagement plan artifacts

PMIRisk Management Professional

Domain 1Objective 2

Task 2 Assess Project Environment for Threats and Opportunities PMI-RMP Practice Questions (Page 3)

Part of the Risk Strategy and Planning domain, which accounts for 22% of the PMI-RMP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~20–34 in this domain), expect 3–6 from this objective — we provide 35 practice questions to prepare you well beyond it. (estimate)

35questions here

7free pages

10concepts

22%of the exam

10 Concepts in This Objective

Identify Organizational Process Assets (OPA) and Enterprise Environmental Factors (EEF)
Select Project Methodology for Risk Management
Apply PESTLE Analysis
Apply SWOT Analysis
Determine Organizational and Cultural Risk Appetite
Evaluate Project Management Information System (PMIS) Processes and Data
Conduct Stakeholder Analysis
Analyze Constraints to Risk Management
Foster a Culture of Risk Awareness
Determine Business Drivers and Key Assumptions

Questions 11–15

11foundation · easy
The project team is deciding how to respond to a risk. The organization's culture encourages innovation and is willing to accept higher risks for potential rewards. Which of the following best describes this cultural influence?
Select an answer first
12application · medium
A project team is using a Project Management Information System (PMIS) to track risks. The PMIS has a module for risk registration, but the data quality is poor. Historical data from past projects is incomplete, and the current project's risk data is not being updated consistently by team members. The risk manager needs to produce a reliable risk report for the steering committee. What should the risk manager do first?
Select an answer first
13foundation · easy
A project is initiated to increase market share by 10% within two years. This goal is best described as what?
Select an answer first
14foundation · easy
Which of the following actions best supports fostering a risk-aware culture?
Select an answer first
15foundation · easy
During risk management planning, the project manager reviews the organization's historical risk data, lessons learned from past projects, and the company's risk management policy. Which of the following do these items represent?
Select an answer first

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Task 2 Assess Project Environment for Threats and Opportunities PMI-RMP Practice Questions (Page 3)

Questions 11–15

The project team is deciding how to respond to a risk. The organization's culture encourages innovation and is willing to accept higher risks for potential rewards. Which of the following best describes this cultural influence?

A project is initiated to increase market share by 10% within two years. This goal is best described as what?

Which of the following actions best supports fostering a risk-aware culture?

During risk management planning, the project manager reviews the organization's historical risk data, lessons learned from past projects, and the company's risk management policy. Which of the following do these items represent?

Keep studying — Risk Strategy and Planning