Task 1 Perform Qualitative Analysis PMI-RMP Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   In qualitative risk analysis, the team is estimating the impact of a risk on the project's schedule. Which scale would be most appropriate for this assessment?

   • ARatio scale with exact monetary values
   • BInterval scale with fixed numerical differences
   • CNominal scale with category names only
   • DOrdinal scale with values like 'very low', 'low', 'medium', 'high', 'very high'
   Reveal Solution Discussion Select an answer first
2. 2application · easy

   A project uses a 5x5 probability-impact matrix. The risk management plan defines that risks with a score of 15 or higher are 'Critical' and require immediate response planning. A risk has a probability of 5 (Almost Certain) and an impact of 3 (Moderate). What is the risk score and the required action?

   • AScore 15; immediate response planning is required.
   • BScore 15; no immediate action required because the impact is only Moderate.
   • CScore 8; immediate response planning is required.
   • DScore 8; no immediate action required.
   Reveal Solution Discussion Select an answer first
4. 3foundation · easy

   When using an ordinal scale to classify risks, which of the following is a valid example?

   • AAssigning probabilities of 0.1, 0.2, 0.3
   • BMeasuring impact in monetary amounts
   • CCategorizing risks as 'technical', 'organizational', 'external'
   • DRanking risks as 'critical', 'high', 'medium', 'low'
   Reveal Solution Discussion Select an answer first
5. 4foundation · easy

   Which statement best describes ordinal classification of risks?

   • ARisks are assigned to named categories without any order
   • BRisks are assigned numerical values with equal intervals
   • CRisks are measured on a ratio scale with a true zero
   • DRisks are ranked in order of importance or severity
   Reveal Solution Discussion Select an answer first
6. 5expert · hard

   A project has two risks: Risk A is a technical risk with a score of 12 (High) and is expected to occur in 3 months. Risk B is an organizational risk with a score of 9 (Medium) but is expected to occur within 1 month. The project has limited resources to address only one risk this week. What should the risk manager recommend?

   • AAddress both risks partially to balance the effort.
   • BAddress Risk A because it has a higher score.
   • CAddress Risk B because it is more urgent, even though its score is lower.
   • DDefer both risks until more information is available.
   Reveal Solution Discussion Select an answer first