A project manager is developing a risk management plan for a project that spans multiple countries with different regulatory environments. The team has identified risks related to legal, cultural, and market differences. To ensure that the plan comprehensively addresses these diverse risks, what should the project manager do?

Use a generic RBS from a previous project without modification

Develop a risk breakdown structure (RBS) that includes categories for legal, cultural, and market risks specific to each country

Rely on the risk register to capture all risks without categorization

Prioritize risks based on a single probability and impact matrix for all countries

A project manager is documenting the risk management plan for a project with a tight budget. The plan must ensure that risk management activities are cost-effective and do not consume excessive resources. What should the project manager include in the plan?

A list of all identified risks and their potential impacts

A stakeholder empowerment strategy that includes training on risk management

A risk communication plan that specifies how often to report to stakeholders

A description of the risk management activities, including their frequency and the resources required

PMIRisk Management Professional

Domain 1Objective 5

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

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 31 practice questions to prepare you well beyond it. (estimate)

31questions here

7free pages

7concepts

22%of the exam

Questions 21–25

21foundation · easy
Which component of the risk management plan describes the specific approach, tools, and data sources that will be used for risk management?
Select an answer first
22expert · hard
A project manager is developing a risk management plan for a project that spans multiple countries with different regulatory environments. The team has identified risks related to legal, cultural, and market differences. To ensure that the plan comprehensively addresses these diverse risks, what should the project manager do?
Select an answer first
23foundation · easy
Which of the following is a typical top-level category in a Risk Breakdown Structure?
Select an answer first
24foundation · easy
Which additional criterion might be used to prioritize risks when two risks have similar probability and impact?
Select an answer first
25application · medium
A project manager is documenting the risk management plan for a project with a tight budget. The plan must ensure that risk management activities are cost-effective and do not consume excessive resources. What should the project manager include in the plan?
Select an answer first

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

Questions 21–25

Which component of the risk management plan describes the specific approach, tools, and data sources that will be used for risk management?

Which of the following is a typical top-level category in a Risk Breakdown Structure?

Which additional criterion might be used to prioritize risks when two risks have similar probability and impact?

A project manager is documenting the risk management plan for a project with a tight budget. The plan must ensure that risk management activities are cost-effective and do not consume excessive resources. What should the project manager include in the plan?

Keep studying — Risk Strategy and Planning