PMP Risk Management

What is the cost of Result B?

• 300,000
• 155,000
• 265,000
• 200,000

The process under Process Risk Management that prioritizes risks for further analysis or action by assessing and combining their probability of occurrence and impact is called...

• Perform Qualitative Risks Analysis
• Perform Quantitative Risk Analysis
• Plan Risk Management
• Plan Risk Responses

The inputs used in the process of Perform Qualitative Risk Analysis includes all except...

• Scope Baseline
• Risk Register
• Quality Management Plan
• Risk Management Plan

A risk is defined as ____________ event or condition that, if it occurs, has a positive or negative effect on one or more project______________.

• indefinite, probabilities
• uncertain, objectives
• sure, goals
• definite, uncertainties

When is the risk and uncertainty in a project's life cycle at the highest?

• start
• design
• closing
• implementation

Which of the following fit the category of external risks?

• Project delays, budget under-runs, movement of city utilities
• Regulatory, currency changes, taxation
• Natural disasters, regulatory, design
• Inflation, design, social impact,  Political unrest, budget overruns, size and complexity of the project

The total amount of risk that is calculated for a project is found by...

• Multiplying the sum of each the risk times the amount at stake
• Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events
• Cannot be calculated since all risks are not known
• The amount of project reserves available

Which of the following tools and techniques is not used in the process of Identify Risks?

• SWOT Analysis
• Diagramming Techniques
• Checklist Analysis
• Risk Categorization

A risk response strategy used under tool of Strategies for negative Risks or Threats through which the project team decides to acknowledge the risk and not take any action unless the risk occurs is called ...

• Mitigate
• Transfer
• Accept
• Avoid

The strategy used under Strategies for Positive Risks or Opportunities that is used to increase the probability and/or the positive impacts of an opportunity is called ...

• Share
• Accept
• Enhance
• Exploit