Task 5 Document the Risk Management Plan PMI-RMP Practice Questions (Page 2)

Questions 6–10

1. 6expert · hard

   A project manager is documenting the risk management plan for a project with a very tight schedule. The plan must include risk management activities that do not delay the project. However, the project sponsor wants to ensure that risk reviews are conducted thoroughly. What should the project manager do to balance these competing needs?

   • ASchedule separate, lengthy risk review meetings to ensure thoroughness
   • BIntegrate risk review activities into existing project meetings and milestones to minimize schedule impact
   • CConduct risk reviews only at the end of the project to avoid schedule impact
   • DSkip risk reviews to save time and rely on informal discussions
   Reveal Solution Discussion Select an answer first
2. 7expert · hard

   A project manager is developing the risk management plan for a project in an organization that has recently merged with another company. The two legacy organizations have different risk management processes and tools. The project manager must create a plan that is accepted by both groups. What should the project manager do?

   • AAsk each legacy organization to manage risks using their own processes
   • BDevelop a new risk management plan from scratch without referencing legacy processes
   • CUse the risk management plan from the acquiring company as the standard for the new project
   • DReview the organizational process assets from both legacy organizations and integrate the best practices into a unified risk management plan
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A large construction firm is updating its risk management plan for a new infrastructure project. The project manager has assigned a risk owner for each identified risk, but the risk owners are unclear about their authority to approve response actions. The plan currently lists responsibilities but does not specify decision-making limits. What should the project manager add to the plan to clarify this?

   • AA revised risk breakdown structure that re-categorizes risks by their potential impact on project objectives
   • BA stakeholder empowerment strategy that includes training sessions for risk owners on risk identification techniques
   • CA risk response approval matrix that defines the level of authority for each risk owner to approve response actions
   • DA risk communication plan that outlines how often risk owners must report status to the project manager
   Reveal Solution Discussion Select an answer first
5. 9application · medium

   A project manager is preparing the risk management plan for a project that involves multiple departments with different risk tolerances. To ensure that the plan is aligned with organizational standards, which resource should the project manager reference?

   • AThe project schedule
   • BThe project's work breakdown structure
   • CThe stakeholder register
   • DThe organization's risk management policies and guidelines
   Reveal Solution Discussion Select an answer first
6. 10foundation · easy

   Which organizational entity is most likely to provide standardized risk management templates, tools, and guidelines for use across multiple projects?

   • ARisk owner
   • BFunctional manager
   • CProject sponsor
   • DProject Management Office (PMO)
   Reveal Solution Discussion Select an answer first