Task 4 Establish Risk Management Strategy PMI-RMP Practice Questions (Page 2)

Questions 6–10

1. 6foundation · easy

   Which metric is used to measure the effectiveness of risk responses?

   • ATotal project budget spent on risk management
   • BResidual risk level after response implementation
   • CTime taken to create the risk management plan
   • DNumber of risks identified in the project
   Reveal Solution Discussion Select an answer first
2. 7application · medium

   A large enterprise is launching a multi-year infrastructure program. The program director wants risk management to be integrated into existing stage-gate reviews rather than run as a separate process. The risk manager must design a process that aligns with the organization's decision cadence. What should the risk manager do first?

   • ASelect a commercial risk management software suite that supports stage-gate workflows and automated reporting.
   • BConduct a stakeholder workshop to gain buy-in for the risk management strategy before defining any process details.
   • CDevelop a risk register template with fields for probability, impact, and response owner to standardize documentation.
   • DDefine the sequence of risk activities to align with each stage-gate, including identification, analysis, response planning, and monitoring checkpoints.
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A risk manager is establishing a risk management strategy for a new product development project. The project sponsor wants to track whether risk responses are actually reducing the likelihood and impact of key risks. Which metric should the risk manager define to directly measure this?

   • ANumber of risks identified per month, to gauge the thoroughness of identification efforts.
   • BTime spent on risk management activities per week, to assess effort invested.
   • CPercentage of risks with assigned owners, to ensure accountability.
   • DRisk response effectiveness, measured by comparing residual risk exposure before and after response implementation.
   Reveal Solution Discussion Select an answer first
5. 9foundation · easy

   What is a key characteristic of a risk-aware culture fostered by servant leadership?

   • ARisks are documented only after they occur
   • BTeam members feel safe to raise risks without fear of blame
   • CRisk information is shared only with senior management
   • DOnly the project manager discusses risks with stakeholders
   Reveal Solution Discussion Select an answer first
6. 10foundation · easy

   Which of the following is an example of an external risk category?

   • APoor team communication
   • BLack of skilled resources
   • CRegulatory changes affecting the project
   • DInaccurate cost estimates
   Reveal Solution Discussion Select an answer first