PMP Questions ID 1827 a project manager is considering risk in a project when does risk come into play in a project

A project manager is considering risk in a project. When does risk come into play in a project?

Select one

During the Identify Risks phase

As soon as a project is conceived

During the SWOT (strengths, weaknesses, opportunities, and threats) analysis

As soon as the Plan Risk Management phase begins

Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?

Select one

Passive acceptance is no longer adopted in projects and is a poor project management practice.

Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.

Passive acceptance requires no action.

Passive acceptance requires no proactive action except periodic review of the threat.

The Identify Risks process involves determining which risks may impact a project. It is considered an iterative process. What is the frequency of the iteration?

Select one

Every month

Every two weeks

The frequency of iteration will vary based on the situation

Every week

As part of a strategy to handle negative risk, a project manager decided to adopt less complex processes, conduct more tests, and choose a more stable supplier. What strategy would this be classified as?

At the beginning of the project, a project manager realized the technical expertise of the team was limited, a risk to the project. Midway through the project, the project manager decided that this was no longer a risk and considered it outdated. As part of which process would he do the risk reassessment?

Select one

Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Perform Risk Assessment

Monitor Risks

New PMP Question & Answers with explanation