Task 2 Assess Project Environment for Threats and Opportunities PMI-RMP Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A manufacturing company is planning to build a new factory in a foreign country. The risk manager is conducting a PESTLE analysis. The analysis reveals that the local government is unstable, and there is a high probability of new environmental regulations being introduced. The company's risk appetite is moderate, and it prefers to avoid high-uncertainty investments. What should the risk manager recommend as the primary risk response for the political instability threat?

   • AEnhance the opportunity by seeking local government partnerships
   • BAvoid by selecting a different, more stable country for the factory
   • CAccept the risk and proceed with the original plan
   • DMitigate by purchasing political risk insurance
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2. 27expert · hard

   A project team is working on a high-profile innovation project. The organization's leadership has a high risk appetite and encourages bold initiatives. However, the project team, which is from a different cultural background, is very risk-averse and prefers to follow established procedures. The project manager needs to align risk responses with the organization's appetite. What is the most effective approach?

   • APush the team to accept more risks to match the organization's high risk appetite
   • BBridge the gap by communicating the benefits of the high-risk strategy and providing support to the team
   • CAdopt a conservative risk response strategy to align with the team's risk aversion
   • DLet the team decide on the risk response strategy based on their comfort level
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4. 28foundation · easy

   When evaluating the PMIS for risk management, which of the following is most important to assess?

   • AThe color scheme of the interface
   • BThe cost of the software
   • CThe number of users it can support
   • DThe quality and accuracy of the data it provides
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5. 29foundation · easy

   A project manager is preparing the risk management plan and notes that the organization's risk tolerance is conservative and that the industry has strict regulatory requirements. Which of the following best describes these factors?

   • ARisk response strategies
   • BProject deliverables
   • COrganizational process assets
   • DEnterprise environmental factors
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6. 30application · medium

   A project team is conducting a SWOT analysis for a new software product. They identify that the company has a strong R&D department (strength) but a weak marketing team (weakness). The market is growing rapidly (opportunity), but a major competitor is releasing a similar product soon (threat). The project sponsor is risk-averse and wants to maximize the chance of success. Which strategy should the risk manager recommend to best leverage the SWOT analysis?

   • AOutsource the marketing function to compensate for the internal weakness
   • BFocus on the growing market and delay the launch to improve the product
   • CUse the strong R&D to accelerate development and launch before the competitor
   • DPair the R&D strength with the market opportunity, and mitigate the marketing weakness by hiring a temporary marketing consultant
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