Task 5 Plan and Manage Risk PMP Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A project manager is maintaining the risk register for a software development project. A new risk has been identified: a critical third-party API may be deprecated during the project timeline. The project manager has assessed the probability as high and the impact as high. What should the project manager do next?

   • AWait until the risk occurs before taking action to avoid unnecessary changes.
   • BEscalate the risk to the project sponsor for a decision on how to proceed.
   • CDocument the risk in the register with its analysis and assign a risk owner to develop a response.
   • DImmediately implement a mitigation plan to switch to a different API.
   Reveal Solution Discussion Select an answer first
2. 12expert · hard

   A project manager is monitoring risks for a large-scale event. A risk of vendor non-performance has been identified, and a response plan includes having a backup vendor. The primary vendor has just informed the project that they will be unable to deliver. The backup vendor is available but will increase costs. What should the project manager do?

   • ADelay the event until the primary vendor can deliver.
   • BEscalate the issue to the sponsor to decide whether to use the backup vendor.
   • CActivate the backup vendor and update the risk register with the outcome.
   • DNegotiate with the primary vendor to find a way to deliver on time.
   Reveal Solution Discussion Select an answer first
4. 13application · medium

   A project manager is monitoring risks for a marketing campaign project. A risk that was previously assessed as low probability has now increased in likelihood due to a change in market conditions. The risk response plan is still valid. What should the project manager do?

   • AIgnore the change because the response plan is already in place.
   • BClose the risk because it was previously assessed as low probability.
   • CUpdate the risk register with the new probability and re-evaluate the response plan.
   • DEscalate the risk to the sponsor because the probability increased.
   Reveal Solution Discussion Select an answer first
5. 14foundation · easy

   A project manager documents a newly identified risk, including its description, probability, impact, and planned response. Where should this information be recorded?

   • ARisk management plan
   • BIssue log
   • CProject charter
   • DRisk register
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6. 15foundation · easy

   A project manager implements a risk response to mitigate a high-impact risk. What must the project manager do to determine if the response is working as intended?

   • AEvaluate the effectiveness of the risk response
   • BDocument the risk in the risk register
   • CConduct a brainstorming session
   • DPerform a SWOT analysis
   Reveal Solution Discussion Select an answer first