Task 5 Plan and Manage Risk PMP Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   A project manager is creating a document that describes how risk management activities will be conducted, including roles and responsibilities, budgets, and timelines. Which document is being developed?

   • ARisk management plan
   • BRisk register
   • CLessons learned register
   • DProject charter
   Reveal Solution Discussion Select an answer first
2. 17expert · hard

   A project manager is maintaining the risk register for a project with multiple stakeholders. A risk has been identified that could affect the project's reputation if it occurs. The risk has been assessed as low probability but high impact. The project manager is unsure whether to include this risk in the register. What should the project manager do?

   • AExclude the risk because it has low probability and is unlikely to occur.
   • BInclude the risk in the register and assign a risk owner to monitor it.
   • CInclude the risk but do not assign a risk owner because it is low probability.
   • DWait until the risk occurs before adding it to the register.
   Reveal Solution Discussion Select an answer first
4. 18expert · hard

   A project manager is analyzing risks for a pharmaceutical research project. The project has a high potential for regulatory changes that could impact the timeline. The project manager has limited resources for risk analysis and needs to prioritize risks effectively. The team has identified 20 risks, but only 5 can be analyzed in depth. Which approach should the project manager use to select the 5 risks?

   • ASelect the 5 risks that are easiest to analyze based on available data.
   • BAsk the sponsor to choose the 5 risks to analyze.
   • CRandomly select 5 risks to ensure an unbiased sample.
   • DPerform a qualitative analysis on all 20 risks to rank them, then select the top 5 for quantitative analysis.
   Reveal Solution Discussion Select an answer first
5. 19application · medium

   A project manager is managing a software upgrade that has a risk of data loss during migration. The risk has been analyzed and a response plan is in place. The project manager needs to communicate the risk status to stakeholders. Which information is most important to include in the communication?

   • AThe budget allocated for the risk response.
   • BThe names of the team members responsible for implementing the response.
   • CThe probability and impact of the risk, and the planned response.
   • DThe detailed technical steps of the risk response plan.
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   A project manager needs to inform stakeholders about the potential impact of a newly identified risk on the project schedule. What is the most appropriate action?

   • AKeep the risk confidential until it is confirmed
   • BOnly inform the project sponsor
   • CCommunicate the risk impact to stakeholders in a clear and timely manner
   • DWait until the next project status meeting
   Reveal Solution Discussion Select an answer first