Which verbal communication technique is most effective for explaining the effectiveness of a risk response to non-technical stakeholders?

Describing the risk in terms of probability percentages only

Using technical jargon to demonstrate expertise

Explaining the risk reduction in plain language with concrete examples

Focusing only on the cost of the response

Which of the following best indicates that a risk response action has been effective?

The risk has been added to the watch list

The risk's probability or impact has decreased as planned

The risk register has been updated

The risk owner has been assigned

A project team implemented a risk response to transfer the risk of currency fluctuation by entering into a forward contract. At the next risk review, the project manager wants to assess the effectiveness of this response. Which metric is most relevant?

The number of times the project team reviewed the exchange rate during the project.

The percentage of the project budget that was exposed to currency fluctuation.

The total cost of the forward contract premium paid to the financial institution.

The difference between the contracted forward rate and the actual spot rate at the settlement date.

PMIRisk Management Professional

Domain 4Objective 1

Task 1 Plan Risk Response PMI-RMP Practice Questions (Page 6)

Part of the Risk Response domain, which accounts for 13% of the PMI-RMP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~12–20 in this domain), expect 6–10 from this objective — we provide 30 practice questions to prepare you well beyond it. (estimate)

30questions here

6free pages

8concepts

13%of the exam

Questions 26–30

26foundation · easy
During risk response planning, the project team identifies a high-impact risk that can be completely eliminated by changing the project approach to use a proven technology instead of an experimental one. Which risk response strategy is being applied?
Select an answer first
27foundation · easy
Which verbal communication technique is most effective for explaining the effectiveness of a risk response to non-technical stakeholders?
Select an answer first
28foundation · easy
Which of the following best indicates that a risk response action has been effective?
Select an answer first
29application · medium
A project team implemented a risk response to transfer the risk of currency fluctuation by entering into a forward contract. At the next risk review, the project manager wants to assess the effectiveness of this response. Which metric is most relevant?
Select an answer first
30foundation · easy
In a RACI matrix, what does the 'A' stand for?
Select an answer first

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Task 1 Plan Risk Response PMI-RMP Practice Questions (Page 6)

Questions 26–30

During risk response planning, the project team identifies a high-impact risk that can be completely eliminated by changing the project approach to use a proven technology instead of an experimental one. Which risk response strategy is being applied?

Which verbal communication technique is most effective for explaining the effectiveness of a risk response to non-technical stakeholders?

Which of the following best indicates that a risk response action has been effective?

A project team implemented a risk response to transfer the risk of currency fluctuation by entering into a forward contract. At the next risk review, the project manager wants to assess the effectiveness of this response. Which metric is most relevant?

In a RACI matrix, what does the 'A' stand for?

Keep studying — Risk Response