Task 5 Plan and Manage Risk PMP Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A project manager is creating the risk management plan for a global project with teams in different time zones. The plan needs to define how risk reviews will be conducted and how often. Which element should be included in the plan?

   • AA list of all identified risks and their assigned owners.
   • BA detailed budget for each risk response.
   • CA communication plan for reporting risks to external stakeholders.
   • DA schedule for regular risk review meetings, including frequency and participants.
   Reveal Solution Discussion Select an answer first
2. 27application · medium

   A project manager is developing the risk management plan for a large infrastructure project. The plan must define how risks will be identified, analyzed, and responded to, and it must also specify who is responsible for each activity and how much budget is allocated. Which component is essential to include in this plan?

   • AA detailed risk register listing all identified risks and their responses.
   • BA methodology for risk identification, such as brainstorming or Delphi technique.
   • CA list of risk owners and their responsibilities for each identified risk.
   • DA contingency reserve amount based on the total project budget.
   Reveal Solution Discussion Select an answer first
4. 28foundation · easy

   A risk has occurred and is affecting the project's budget. What should the project manager communicate to stakeholders?

   • AThe details of every team member's performance
   • BOnly the positive aspects of the project
   • CThe full risk management plan
   • DThe status of the risk impact on the project
   Reveal Solution Discussion Select an answer first
5. 29expert · hard

   A project manager is leading a complex infrastructure project with a tight schedule and limited budget. The team has identified several risks, but the project manager is concerned that some risks may have been missed. The project manager has access to a group of subject matter experts (SMEs) who are geographically dispersed. The project manager needs to gather their input efficiently while avoiding groupthink. Which technique is most appropriate?

   • AInterview each SME individually and compile the results.
   • BUse the Delphi technique to collect anonymous input from the SMEs.
   • CSend a checklist to each SME and ask them to return it with their input.
   • DConduct a brainstorming session with all SMEs via video conference.
   Reveal Solution Discussion Select an answer first
6. 30foundation · easy

   During project execution, the project manager reviews the risk register, tracks identified risks, and watches for new risks. Which process is being performed?

   • ARisk monitoring and control
   • BRisk analysis
   • CRisk response planning
   • DRisk identification
   Reveal Solution Discussion Select an answer first