111.
One of the potential risks identified in the initial stages of a manufacturing project is
the likelihood of machine breakdown during production. You decide to perform regular
maintenance on the machines to prevent the risk. What does this scenario describe?
a. Transfer
b. Mitigation
c. Acceptance
d. Avoidance
112. During a government data analytics project, the team learns the third-party API
supplying daily statistics experiences frequent unscheduled outages. Missing data would
halt the algorithm verification milestone planned for next month. After reviewing budget
and schedule, the project manager approves building an internal data-capture service and
revising scope to eliminate reliance on that API. Which risk response strategy is
demonstrated?
a. Avoid the risk by removing the cause
b. Enhance the opportunity by negotiating premium access tiers while concurrently scheduling
buffer periods for data refresh cycles
c. Accept the risk and monitor outages using a contingency reserve
d. Transfer the risk to the API vendor through enhanced service-level penalties
113. You are managing a project to develop a new mobile application. Midway through the
project, a key developer reports that they are considering leaving the company, which
could impact project timelines. What is the most appropriate action regarding the risk
register?
a. Do not modify the risk register, as personnel changes are normal.
b. Escalate the issue to senior management to replace the developer but leave the risk register
unchanged.
c. Reassign the developer to a less critical role and start hiring a replacement, but do not update
the risk register.
d. Update the risk register to include the potential loss of the developer, assess impact, and plan
responses.
114. During the initial phase of a large-scale construction project, a project manager
realizes that team members are excessively focusing on minor risks, consuming significant
time and resources. This has started to delay the project timeline. Upon further analysis,
the project manager discovers that the team lacks a clear understanding of risk
prioritization leading to inefficient risk management efforts. Given this scenario, what
should the project manager do to ensure the risk management process is optimized and the
project stays on track?
a. Allocate more resources to manage all identified risks equally to ensure comprehensive
coverage.
b. Implement a new risk management software that automatically prioritizes risks based on
predefined criteria.
c. Delegate the task of risk evaluation and prioritization to a senior team member with extensive
experience.
d. Introduce a risk management workshop focusing on risk assessment and prioritization
techniques.
115. In a project with a strong risk culture, how do team members typically approach
potential risks? A) Actively seeking out risks and communicating them to stakeholders B)
Avoiding risks by not engaging in risky activities C) Acknowledging risks but not taking
any actions D) Monitoring risks but not communicating them until they occur E) Accepting
risks without evaluating their potential impacts
a. C) Acknowledging risks but not taking any actions
b. A) Actively seeking out risks and communicating them to stakeholders
c. B) Avoiding risks by not engaging in risky activities
d. D) Monitoring risks but not communicating them until they occur