98 New PMP Risk Questions & Answers with explanation
21.
Project risks should be identified by:
Select one
22.
Which of these is not a data gathering technique used in the Identify Risks process?
Select one
23.
A project manager is using a Risk Diagramming technique that is a graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes. This would be:
Select one
24.
As part of the Risk Response planning for your project, you are trying to come up with a strategy to deal with negative risks or threats. In order to eliminate the impact of a particular risk, you relax the objective that is in jeopardy by extending the project schedule. This is an example of:
Select one
25.
Which strategy attempts to reduce the probability and the impact of a risk to the point where the risk is acceptable?
Select one
26.
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?
Select one
27.
Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process.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?
Select one
28.
A project manager is considering risk in a project. When does risk come into play in a project?
Select one
29.
You have been managing a research project to create genetically modified fruits using genetic engineering techniques. Since many legal issues are involved in this process, you created contingency allowances by using various quantitative analysis methods to account for cost uncertainty. You have just concluded a brainstorming session with your team in the execution phase to monitor risks that have developed in the project over the past few weeks and to establish new risk response plans. What should you do if you want to allocate more contingency reserves to account for new risks?
Select one
30.
Your project team has recently identified a risk in the software development project and decided not to change the project management plan to deal with the risk. The risk response strategy that your team used in this scenario is an example of:
Select one