Task 6 Plan and Lead Risk Management Activities with Stakeholders PMI-RMP Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   Which of the following is an example of a rule of engagement for stakeholders in risk management?

   • AStakeholders must keep all risk information confidential from the project team
   • BStakeholders are allowed to change the project scope without approval
   • CStakeholders must approve the project charter
   • DStakeholders are expected to attend risk workshops and provide input on risk identification
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2. 32application · medium

   You have identified a risk response that requires the procurement manager to renegotiate a vendor contract. The procurement manager is hesitant to take ownership because they are unsure if they have the authority to make changes. What should you do to empower them?

   • AReassign the risk response to the project sponsor, who has the authority to renegotiate contracts.
   • BClarify and formally delegate the authority needed for the renegotiation, and provide support from the project sponsor.
   • CDocument the risk response in the risk register and wait for the procurement manager to act on their own.
   • DAdvise the procurement manager to proceed without formal authority, as the risk response is important.
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4. 33expert · hard

   A project has a stakeholder who is highly optimistic and consistently downplays the probability of risks. This has led to insufficient risk responses. You need to align their risk attitude with a more realistic assessment. What is the most effective strategy?

   • AAsk the stakeholder to lead the risk identification session to increase their engagement and awareness.
   • BExclude the stakeholder from risk assessment to prevent their bias from affecting the process.
   • CUse a risk workshop to brainstorm risks without discussing probabilities, to avoid conflict.
   • DPresent historical data and lessons learned from similar projects to provide evidence of risk probabilities.
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5. 34foundation · easy

   What does it mean to empower stakeholders to take ownership of risk strategies?

   • ATo require them to approve all risk decisions
   • BTo assign them all the risks without any support
   • CTo give them the authority, resources, and support needed to implement risk responses
   • DTo limit their involvement to risk identification only
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6. 35application · medium

   During a risk prioritization meeting, stakeholders disagree on the ranking of several risks. Some want to prioritize based on potential schedule impact, while others focus on cost impact. What is the best way to reach a consensus?

   • APrioritize risks based on cost impact only, as cost is the most objective measure.
   • BAsk the project sponsor to decide the ranking based on their priorities.
   • CFacilitate a discussion to agree on a common set of prioritization criteria, such as a weighted score for schedule and cost.
   • DUse the risk with the highest probability as the top priority, regardless of impact.
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