Task 2 Implement Risk Response PMI-RMP Practice Questions (Page 5)

Questions 21–25

1. 21expert · hard

   A project manager implemented a risk response to mitigate the risk of a key team member leaving by cross-training another team member. After the cross-training is complete, the project manager evaluates the residual risk and finds that the likelihood of the key team member leaving is still 30%, but the impact is now reduced. The acceptable threshold for this risk is 25%. What should the project manager do?

   • AUpdate the risk register to close the risk because the cross-training has been completed.
   • BAccept the residual risk because the impact has been reduced by cross-training.
   • CIncrease the acceptable threshold to 30% to match the current residual risk level.
   • DImplement an additional response, such as offering a retention bonus, to reduce the likelihood of the key team member leaving.
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2. 22foundation · easy

   During project execution, a risk response owner reports that the planned mitigation action for a high-priority risk has been completed. What is the most appropriate next step for the project manager?

   • AClose the risk and remove it from the risk register
   • BImmediately implement a fallback plan to ensure the risk is fully eliminated
   • CEscalate the risk to the sponsor for approval of additional funding
   • DVerify that the action was performed as described in the risk response plan and update the risk register
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4. 23application · medium

   A project's risk response plan specifies that if the cost of a key raw material increases by more than 10%, the project manager must switch to a substitute material. The cost increases by 12%. The project manager switches to the substitute material. What should the project manager do to ensure the response is effective?

   • AAssume the substitute material will perform as well as the original without further monitoring.
   • BImmediately switch back to the original material if the substitute material causes any issues.
   • CMonitor the quality and performance of the substitute material and solicit feedback from the production team.
   • DUpdate the risk register to close the cost risk since the response has been implemented.
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5. 24foundation · easy

   A project team implements a risk response that involves outsourcing a critical component to a new vendor. What should the project manager do to identify secondary risks?

   • AAsk the vendor to guarantee no new risks will occur
   • BUpdate the risk register to close the original risk
   • CAnalyze the response for new risks that may arise from the vendor relationship
   • DReview the original risk to confirm it has been eliminated
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6. 25expert · hard

   A project manager implemented a risk response to mitigate the risk of a critical equipment failure by purchasing a backup machine. After implementation, the project manager discovers that the backup machine requires a specialized operator who is not currently available. The residual risk of equipment failure is now 15%, but the acceptable threshold is 10%. What should the project manager do?

   • ASell the backup machine and rely on the primary equipment, since the backup is not usable.
   • BAccept the residual risk because the backup machine is in place and the risk is lower than before.
   • CTrain an existing operator to use the backup machine, then reassess the residual risk.
   • DUpdate the risk register to close the original risk and document the operator issue as a new risk.
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