PMP Questions ID 1774 identification of new risks reassessment of old risks and closing of outdated risks are part of

Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

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Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.

It depends on how the project progresses relative to its objectives.

Reassessment is necessary at the 50 percent and 75 percent stages of project completion.

Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.

A small project with a limited budget is trying to curtail costs. Which of the following processes may be eliminated in such a project?

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Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Identify Risks

Plan Risk Management

You are the project manager of a project and are about to conduct a risk identification exercise in a few days’ time. You want to remind the participants in the exercise beforehand of the various sources from which risk may arise in the project. What could you use to help you do this?

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A Risk Breakdown Structure (RBS)

A Risk Simulation Structure (RSS)

A Risk Register

An Impact Matrix

A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

Prompt lists are usually developed based on historical information and knowledge accumulated from previous similar projects. Which of the following statements about risk prompt lists is wrong?

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The prompt list can be used as a framework

The lowest level of the Risk Breakdown Structure (RBS) cannot be used as a risk prompt list.

Prompt lists can be used for idea generation

Prompt list is a predetermined list of risk categories

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