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PMP Risk Management Exam Questions

The document presents a series of questions related to risk management strategies in project management. It covers topics such as risk response strategies, capturing unknown risks, monitoring critical risks, evaluating risks using decision trees, and establishing criteria for risk evaluation. Each question includes multiple-choice answers that highlight key concepts in managing risks effectively within projects.

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10 views2 pages

PMP Risk Management Exam Questions

The document presents a series of questions related to risk management strategies in project management. It covers topics such as risk response strategies, capturing unknown risks, monitoring critical risks, evaluating risks using decision trees, and establishing criteria for risk evaluation. Each question includes multiple-choice answers that highlight key concepts in managing risks effectively within projects.

Uploaded by

tccljahirdipok
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

126. You are a project manager overseeing a manufacturing plant's expansion.

A critical
piece of equipment has a 40% probability of being delayed, causing a negative impact on
project schedule. Identify the most suitable risk response strategy.
a. Accept
b. Exploit
c. Transfer
d. Mitigate

127. A project manager is working on a complex project with many unknowns. How should
the project manager capture risks that are difficult to anticipate?
a. Document unidentified risks in a risk category
b. Ignore the unknown risks
c. Capture only the risks identified by subject matter experts
d. Transfer responsibility for the unknown risks to stakeholders

128. During a global pharmaceutical trial, weekly risk metrics reveal that the probability of
a critical lab freezer failure has risen above the project's defined risk threshold, even
though a preventive maintenance plan was previously implemented. The sponsor will be
traveling for a week, and the next shipment of samples arrives in three days. Which action
should the project manager take to monitor and control this risk most effectively?
a. Replace the freezer right away and close the existing risk entry since the problem will be
resolved
b. Create a detailed presentation outlining the freezer statistics for the steering committee
before initiating any contingency measures or register updates
c. Schedule an extra maintenance visit and postpone any further risk analysis until the sponsor
returns
d. Reassess the risk, update the register, and activate the approved equipment-failure
contingency plan

129. In a project to build a new app, the project manager uses a decision tree technique to
evaluate risks. After the evaluation, it's determined that the risk of missing the deadline has
an expected monetary value of $15,000. What is the impact of this risk if the probability of
occurrence is 0.3?
a. $50,000
b. $45,000
c. $30,000
d. $40,000

130. While developing the risk management plan, you need to establish the criteria for risk
evaluation and the methodologies for risk analysis, documentation, and tracking. What is
the primary output of this process?
a. Risk Register
b. Risk Analysis Framework Document
c. Risk Management Plan
d. Risk Response Strategy Document

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