What is the primary purpose of using a risk matrix (probability-impact grid) in qualitative risk analysis?

To identify the root cause of each risk

To list all risks in a register

To calculate the expected monetary value of risks

To assign a risk score and determine the risk rating

During a risk identification workshop, a stakeholder categorizes 'potential changes in environmental regulations' as a technical risk because the changes could affect the engineering design. The risk manager needs to coach the stakeholder on proper categorization. According to the RBS defined in the risk management plan, which category should this risk be assigned to?

Technical, because the impact is on the engineering design.

Organizational, because regulations are imposed by an external organization.

Project management, because the risk affects how the project is managed.

Environmental, because the source is external regulations affecting the project environment.

A project risk register contains five risks. The risk manager asks stakeholders to rank them from 1 (most severe) to 5 (least severe) based on their judgment. After ranking, the risk manager notices that two stakeholders ranked the same risk differently. What is the most appropriate action to resolve this inconsistency?

Average the rankings to produce a single score for each risk.

Facilitate a discussion to reach a consensus on the relative severity of the risks.

Use the highest ranking given by any stakeholder as the final ranking.

Remove the risk from the register because stakeholders cannot agree.

PMIRisk Management Professional

Domain 3Objective 1

Task 1 Perform Qualitative Analysis PMI-RMP Practice Questions (Page 2)

Part of the Risk Analysis domain, which accounts for 23% of the PMI-RMP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~21–36 in this domain), expect 7–12 from this objective — we provide 27 practice questions to prepare you well beyond it. (estimate)

27questions here

6free pages

6concepts

23%of the exam

Questions 6–10

6foundation · easy
When estimating the impact of a risk on project constraints, which constraint is typically assessed using a qualitative scale that ranges from 'minor delay' to 'project cancellation'?
Select an answer first
7foundation · easy
What is the primary purpose of using a risk matrix (probability-impact grid) in qualitative risk analysis?
Select an answer first
8application · medium
During a risk identification workshop, a stakeholder categorizes 'potential changes in environmental regulations' as a technical risk because the changes could affect the engineering design. The risk manager needs to coach the stakeholder on proper categorization. According to the RBS defined in the risk management plan, which category should this risk be assigned to?
Select an answer first
9foundation · easy
During qualitative risk analysis, the project team is categorizing identified risks using the Risk Breakdown Structure (RBS) defined in the risk management plan. Which category would a risk of a new government regulation affecting the project's compliance requirements most likely fall under?
Select an answer first
10application · medium
A project risk register contains five risks. The risk manager asks stakeholders to rank them from 1 (most severe) to 5 (least severe) based on their judgment. After ranking, the risk manager notices that two stakeholders ranked the same risk differently. What is the most appropriate action to resolve this inconsistency?
Select an answer first

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Task 1 Perform Qualitative Analysis PMI-RMP Practice Questions (Page 2)

Questions 6–10

When estimating the impact of a risk on project constraints, which constraint is typically assessed using a qualitative scale that ranges from 'minor delay' to 'project cancellation'?

What is the primary purpose of using a risk matrix (probability-impact grid) in qualitative risk analysis?

During qualitative risk analysis, the project team is categorizing identified risks using the Risk Breakdown Structure (RBS) defined in the risk management plan. Which category would a risk of a new government regulation affecting the project's compliance requirements most likely fall under?

Keep studying — Risk Analysis