A project team has identified four risks. Using ordinal ranking, they assign: Risk 1 (highest severity), Risk 2, Risk 3, Risk 4 (lowest). Later, a new risk is identified that the team believes is more severe than Risk 2 but less severe than Risk 1. How should the team update the ordinal ranking?

Assign the new risk a rank of 2.5 and keep the original ranks.

Re-rank all risks from scratch to ensure consistency.

Insert the new risk as rank 2, and shift Risk 2 and Risk 3 down to ranks 3 and 4.

Place the new risk at rank 5 because it was identified later.

A project manager is using the Risk Breakdown Structure (RBS) to classify risks. Which risk would be classified under the 'Technical' category in the RBS?

The project sponsor changing priorities

A newly adopted software platform having performance issues

A team member leaving the project

A key supplier going out of business

A project uses a 5x5 probability-impact matrix. The risk management plan defines that risks with a score of 10-14 are 'High' and require a risk owner. A risk has a probability of 2 (Unlikely) and an impact of 5 (Very High). What is the risk score and the required action?

Score 10; a risk owner is required.

Score 7; no risk owner required.

Score 7; a risk owner is required.

Score 10; no risk owner required because the probability is low.

PMIRisk Management Professional

Domain 3Objective 1

Task 1 Perform Qualitative Analysis PMI-RMP Practice Questions (Page 5)

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 21–25

21expert · hard
A project team has identified four risks. Using ordinal ranking, they assign: Risk 1 (highest severity), Risk 2, Risk 3, Risk 4 (lowest). Later, a new risk is identified that the team believes is more severe than Risk 2 but less severe than Risk 1. How should the team update the ordinal ranking?
Select an answer first
22application · easy
A software project uses a qualitative scale where schedule impact is rated as: Low (≤1 week delay), Medium (2-4 weeks), High (5-8 weeks), and Very High (>8 weeks). A risk is identified that could delay the release by 3 weeks. What is the correct schedule impact rating for this risk?
Select an answer first
23foundation · easy
A project manager is using the Risk Breakdown Structure (RBS) to classify risks. Which risk would be classified under the 'Technical' category in the RBS?
Select an answer first
24application · easy
A project uses a 5x5 probability-impact matrix. The risk management plan defines that risks with a score of 10-14 are 'High' and require a risk owner. A risk has a probability of 2 (Unlikely) and an impact of 5 (Very High). What is the risk score and the required action?
Select an answer first
25application · easy
A project has a risk that could cause a 25% overrun in the project budget. The qualitative impact scale for budget is: Low (≤5% overrun), Medium (6-10%), High (11-20%), Very High (>20%). What is the budget impact rating for this risk?
Select an answer first

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Task 1 Perform Qualitative Analysis PMI-RMP Practice Questions (Page 5)

Questions 21–25

A project team has identified four risks. Using ordinal ranking, they assign: Risk 1 (highest severity), Risk 2, Risk 3, Risk 4 (lowest). Later, a new risk is identified that the team believes is more severe than Risk 2 but less severe than Risk 1. How should the team update the ordinal ranking?

A software project uses a qualitative scale where schedule impact is rated as: Low (≤1 week delay), Medium (2-4 weeks), High (5-8 weeks), and Very High (>8 weeks). A risk is identified that could delay the release by 3 weeks. What is the correct schedule impact rating for this risk?

A project manager is using the Risk Breakdown Structure (RBS) to classify risks. Which risk would be classified under the 'Technical' category in the RBS?

A project uses a 5x5 probability-impact matrix. The risk management plan defines that risks with a score of 10-14 are 'High' and require a risk owner. A risk has a probability of 2 (Unlikely) and an impact of 5 (Very High). What is the risk score and the required action?

A project has a risk that could cause a 25% overrun in the project budget. The qualitative impact scale for budget is: Low (≤5% overrun), Medium (6-10%), High (11-20%), Very High (>20%). What is the budget impact rating for this risk?

Keep studying — Risk Analysis