A risk manager is establishing a risk categorization framework for a large program that includes multiple projects. The program has risks related to technology integration, regulatory changes, and resource availability. The risk manager needs to ensure that risks are categorized consistently across projects. What is the best approach?

Allow each project to define its own categories based on its specific context.

Use a generic category list from industry standards without tailoring to the program.

Define a standard set of risk categories at the program level and require all projects to use them.

Categorize risks only at the program level, ignoring project-level categorization.

Which element is typically included in a risk report template?

Personal performance reviews of team members

Complete list of all project tasks and durations

Detailed financial statements of the project

Summary of top risks and their status

A risk manager is defining metrics for a risk management strategy. The project sponsor wants to know if the overall risk level of the project is decreasing over time. Which metric is most appropriate for this purpose?

Number of risks identified per month.

Percentage of risks with response plans.

Aggregate risk exposure, calculated as the sum of probability times impact for all open risks, tracked over time.

What is the primary purpose of a risk register template?

To store only the final risk response plans after approval

To replace the need for regular risk reviews

To document identified risks, their analysis, and planned responses in a consistent format

To provide a list of all potential risks that could occur in any project

Which action is most effective in gaining stakeholder buy-in for the risk management strategy?

Involving stakeholders in the development of the risk management plan

Using technical jargon to demonstrate expertise

Focusing only on risks that stakeholders have already identified

Presenting the final risk management plan without prior consultation

PMIRisk Management Professional

Domain 1Objective 4

Task 4 Establish Risk Management Strategy PMI-RMP Practice Questions (Page 6)

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 26–30

26expert · hard
A risk manager is establishing a risk categorization framework for a large program that includes multiple projects. The program has risks related to technology integration, regulatory changes, and resource availability. The risk manager needs to ensure that risks are categorized consistently across projects. What is the best approach?
Select an answer first
27foundation · easy
Which element is typically included in a risk report template?
Select an answer first
28application · medium
A risk manager is defining metrics for a risk management strategy. The project sponsor wants to know if the overall risk level of the project is decreasing over time. Which metric is most appropriate for this purpose?
Select an answer first
29foundation · easy
What is the primary purpose of a risk register template?
Select an answer first
30foundation · easy
Which action is most effective in gaining stakeholder buy-in for the risk management strategy?
Select an answer first

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