Why is it important to communicate the impact of residual and secondary risks to stakeholders?

To avoid any questions from stakeholders.

To ensure stakeholders are aware of potential impacts and can make informed decisions.

To shift responsibility for the risks to stakeholders.

To satisfy regulatory requirements only.

What is the most effective way to communicate risk impacts to stakeholders?

Communicate only the positive aspects of risks.

Tailor the communication to the audience's needs and preferences.

Use the same format for all stakeholders.

Communicate only to the project sponsor.

A project manager is reviewing the risk register and finds that a secondary risk was identified but has not been assigned an owner or a response. The secondary risk is now materializing. What should the project manager do?

Assign a risk owner immediately and develop a response to address the materializing risk.

Document the risk as a lesson learned and move on.

Escalate the issue to the project sponsor for a decision.

Close the secondary risk because it was not properly managed.

When assessing the impact of residual and secondary risks, which project objectives should be considered?

Stakeholder satisfaction and team morale

Scope, schedule, cost, and quality

A project manager is monitoring a risk response that was designed to reduce the probability of a supplier failure by dual-sourcing a critical component. The primary supplier has been performing well, and the secondary supplier has not been used. The risk owner suggests closing the risk because the response is working. What should the project manager do?

Keep the risk open and continue monitoring the response's effectiveness and the residual risk.

Close the risk and document the response as successful in the lessons learned.

Reduce the risk's probability in the register but keep it open.

Close the risk because the response has been effective for a significant period.

PMIRisk Management Professional

Domain 5Objective 2

Task 2 Monitor Residual & Secondary Risks PMI-RMP Practice Questions (Page 1)

Part of the Monitor and Close Risks domain, which accounts for 19% of the PMI-RMP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~17–29 in this domain), expect 4–7 from this objective — we provide 26 practice questions to prepare you well beyond it. (estimate)

26questions here

6free pages

7concepts

19%of the exam

Questions 1–5

1foundation · easy
Why is it important to communicate the impact of residual and secondary risks to stakeholders?
Select an answer first
2foundation · easy
What is the most effective way to communicate risk impacts to stakeholders?
Select an answer first
3expert · hard
A project manager is reviewing the risk register and finds that a secondary risk was identified but has not been assigned an owner or a response. The secondary risk is now materializing. What should the project manager do?
Select an answer first
4foundation · easy
When assessing the impact of residual and secondary risks, which project objectives should be considered?
Select an answer first
5expert · hard
A project manager is monitoring a risk response that was designed to reduce the probability of a supplier failure by dual-sourcing a critical component. The primary supplier has been performing well, and the secondary supplier has not been used. The risk owner suggests closing the risk because the response is working. What should the project manager do?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to PMI-RMP

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PMI. “PMI-RMP” is a trademark of its owner, used for identification only.