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

Questions 21–25

1. 21foundation · easy

   During the planning phase of a software development project, the project manager wants to identify potential risks that might affect the project. Which technique involves gathering a group of stakeholders to generate a broad list of risks through open discussion?

   • AInterviewing
   • BSWOT analysis
   • CBrainstorming
   • DChecklist analysis
   Reveal Solution Discussion Select an answer first
2. 22application · medium

   A project manager is leading a project to implement a new customer relationship management (CRM) system. The project has a tight budget, and the project manager wants to identify risks efficiently without spending too much time. The team is experienced and has worked on similar implementations. Which technique is most appropriate for this situation?

   • AHold a series of interviews with each team member to gather their individual concerns.
   • BPerform a Monte Carlo simulation to model potential risks.
   • CConduct a SWOT analysis to identify strengths, weaknesses, opportunities, and threats.
   • DUse a checklist based on lessons learned from previous CRM implementations.
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   After identifying risks, the project manager needs to prioritize them for further action. Which process involves assessing the likelihood of each risk occurring and the potential impact on project objectives?

   • AQualitative risk analysis
   • BRisk register maintenance
   • CRisk monitoring and control
   • DRisk response planning
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   A project manager is updating the risk register to reflect the current status of a risk that has been mitigated. Which information should be updated in the risk register?

   • AProject schedule
   • BProject budget
   • CCurrent status of the risk
   • DTeam member performance
   Reveal Solution Discussion Select an answer first
6. 25application · medium

   A project manager is executing the risk management plan for a manufacturing project. A risk response for a potential equipment failure includes having a backup supplier on standby. The backup supplier has just informed the project that they can no longer provide the service. What should the project manager do?

   • AIdentify a new backup supplier and update the risk response plan.
   • BClose the risk because the response plan is no longer valid.
   • CContinue with the original supplier and hope the equipment does not fail.
   • DEscalate the issue to the sponsor because the response plan failed.
   Reveal Solution Discussion Select an answer first