Task 5 Document the Risk Management Plan PMI-RMP Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A project manager is developing the risk management plan for a new product launch. The team has identified more risks than can be managed with the available resources. To decide which risks require immediate response planning, the project manager needs to establish a consistent method for comparing risks. What should the project manager define in the plan?

   • AA stakeholder empowerment strategy to involve stakeholders in risk identification
   • BA risk communication plan to report risks to stakeholders
   • CRisk prioritization criteria, such as probability, impact, and urgency, to rank risks
   • DA risk breakdown structure to categorize risks by source
   Reveal Solution Discussion Select an answer first
2. 27foundation · easy

   Which of the following is an essential tool or technique used to develop the risk management plan?

   • ARisk categorization
   • BProbability and impact matrix
   • CDecision tree analysis
   • DAnalytical techniques
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A project manager is updating the risk management plan for a project where stakeholders have varying levels of risk management expertise. To ensure that stakeholders can effectively participate in risk activities, what should the project manager include in the plan?

   • AA risk breakdown structure that categorizes risks by source
   • BA risk register that documents all identified risks
   • CA stakeholder empowerment strategy that includes training and education on risk management concepts
   • DA risk communication plan that specifies how risk information will be shared
   Reveal Solution Discussion Select an answer first
5. 29expert · hard

   A project manager is developing the risk management plan for a project with a limited risk management budget. The team has identified many risks, but the budget is only sufficient to perform detailed analysis on a subset. The project sponsor wants to ensure that the most critical risks are analyzed in detail. What should the project manager do?

   • AUse a risk breakdown structure to categorize risks and analyze all risks in the highest category
   • BDefine risk prioritization criteria, such as probability, impact, and urgency, and use them to select risks for detailed analysis
   • CPerform detailed analysis on all identified risks regardless of the budget
   • DAsk the project sponsor to select risks for detailed analysis without a structured approach
   Reveal Solution Discussion Select an answer first
6. 30application · medium

   A project manager is documenting the risk management plan for a project with a diverse stakeholder group, including executives, technical teams, and external partners. The plan must ensure that each group receives risk information tailored to their needs. What should the project manager include in the risk communication plan?

   • AA risk breakdown structure that categorizes risks by source
   • BA stakeholder-specific communication matrix that defines the information, format, and frequency for each stakeholder group
   • CA stakeholder empowerment strategy that includes training on risk management
   • DA risk register that lists all identified risks
   Reveal Solution Discussion Select an answer first