Task 4 Develop Risk Register PMI-RMP Practice Questions (Page 1)

Questions 1–5

1. 1expert · hard

   A project manager is developing a risk register for a global project. One risk is 'a change in foreign exchange rates may affect the project's procurement costs.' The project has suppliers in multiple countries. The project manager must assign a risk owner. Which of the following is the most appropriate owner?

   • AThe project sponsor, because the risk is strategic and external.
   • BThe external suppliers, because they are the source of the cost changes.
   • CThe finance manager, who has expertise in currency risk management.
   • DThe procurement manager, because the risk affects procurement costs.
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   A project manager is assessing risks for a construction project. One risk is 'potential delays due to adverse weather.' The team has historical data showing a 30% chance of significant rain during the construction period. The impact is estimated at $50,000 in additional costs. Another risk is 'potential cost overrun due to material price increases,' with a 10% probability and $200,000 impact. Which risk should be prioritized higher in the risk register?

   • AThe material price risk, because it has a higher expected monetary value
   • BThe weather risk, because it is more likely to occur and thus more urgent.
   • CBoth risks should be given equal priority because they are both threats.
   • DThe weather risk, because it has a higher probability
   Reveal Solution Discussion Select an answer first
4. 3foundation · easy

   What is the primary responsibility of a risk owner?

   • ATo approve the project budget
   • BTo document all risk triggers
   • CTo identify all project risks
   • DTo monitor the risk and implement the agreed response
   Reveal Solution Discussion Select an answer first
5. 4application · medium

   A project manager is updating the risk register after a stakeholder workshop. One identified risk is 'potential delays due to vendor performance.' The vendor has a history of on-time delivery, and the contract includes penalties for late delivery. The project manager also notes that a similar risk already exists in the register for 'supplier capacity issues.' What should the project manager do with the new risk entry?

   • ADelete it because the vendor has a good track record and the contract has penalties.
   • BRecord it as an opportunity because the contract penalties reduce the impact of delays.
   • CKeep it as a separate risk and assign a different owner to manage it.
   • DMerge it with the existing 'supplier capacity issues' risk and update the description to include vendor performance.
   Reveal Solution Discussion Select an answer first
6. 5foundation · easy

   A project manager notices that a key supplier's delivery delays are increasing. This pattern is an early warning sign that a risk may occur. What is this early warning sign called?

   • AA risk trigger
   • BA risk owner
   • CA risk impact
   • DA risk response
   Reveal Solution Discussion Select an answer first