Risk Management Process PMP Exam Quiz

Welcome to your Risk Management Process Quiz

1. 
What qualitative analysis method helps to understand the perception of risk among stakeholders?

2. 
What is the main use of decision tree analysis in risk management?

3. 
In the context of quantitative risk analysis, what is a contingency reserve?

4. 
What is the primary purpose of Perform Quantitative Risk Analysis?

5. 
Which strategy is typically used when the cost of risk response is higher than the risk itself?

6. 
Which of the following factors is primarily assessed during qualitative risk analysis to prioritize risks?

7. 
Which tool is used to track risk status over time?

8. 
Which technique can help determine the effectiveness of risk responses after implementation?

9. 
What is a key component of a risk response plan?

10. 
What is a key output of the Monitor Risks process?

11. 
What is the primary objective of implementing risk responses?

12. 
Which risk response strategy involves shifting the impact of a risk to a third party?

13. 
Which of the following best describes risk appetite?

14. 
Which of the following techniques helps identify risks through a visual representation of factors influencing project success?

15. 
What is the purpose of the risk management plan?

16. 
What type of analysis involves evaluating the assumptions made during project planning?

17. 
How often should project risks be monitored?

18. 
What is the primary output of the Plan Risk Management process?

19. 
In qualitative risk analysis, what does a risk's "impact" refer to?

20. 
In developing a risk management plan, which factor is MOST important to consider?

21. 
What is a common challenge faced during the implementation of risk responses?

22. 
Which tool is commonly used to assess the probability and impact of risks?

23. 
What is the primary output of the Identify Risks process?

24. 
What action should be taken if a risk response is found to be ineffective?

25. 
Which strategy involves altering the project to eliminate the risk?

26. 
What is the primary objective of Perform Qualitative Risk Analysis?

27. 
Which technique uses simulation to model the impact of risk on project objectives?

28. 
Which of the following is a key role during the implementation of risk responses?

29. 
Which document defines the specific risk management activities for a project?

30. 
Which technique helps project managers identify risks by analyzing project documents and lessons learned from previous projects?

31. 
What does a tornado diagram illustrate in risk analysis?

32. 
What is the key output of the Perform Quantitative Risk Analysis process?

33. 
What is the main focus of the Monitor Risks process?

34. 
What is the primary purpose of a contingency plan in risk management?

35. 
Which of the following is a technique for identifying risks that involves gathering input from a diverse group of experts?

36. 
Which document outlines the actions to be taken for risk responses?

37. 
In the context of risk identification, what does the term "triggers" refer to?

38. 
What is the goal of the Plan Risk Responses process?

39. 
What is a common output of the Perform Qualitative Risk Analysis process?

40. 
Which strategy involves ensuring that the risk response is monitored and tracked throughout the project?


Discover more from MilestoneTask

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.