
60 Question Practice PMP Quiz

Quiz
•
Professional Development
•
Professional Development
•
Hard
Michael Myers
FREE Resource
60 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is a valid negative risk response?
Exploit
Mitigate
Enhance
Share
Answer explanation
B - Risk mitigation is a valid response to negative risks. [PMBOK 6th edition, Page 443] [Project Risk Management]
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is accurate regarding risk management?
Organizations are not likely to perceive risk as a threat to project success.
It has its origins in the uncertainty present in all projects.
The attitudes of individuals and organizations must not be a factor affecting risk management.
It is a passive activity in project management.
Answer explanation
B - Risk management does indeed have its origins in the uncertainty present in all projects. [PMBOK 6th edition, Pages 397-400] [Project Risk Management]
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Anne is the project manager of a project. She has evaluated certain responses from prospective sellers and wants to select a contract model that will transfer risk to the seller. Which of the following should she select in order to achieve this?
Time and Material contract
Fixed price contract
Cost-Plus-Fixed-Fee contract
Cost-Plus-Incentive-Fee contract
Answer explanation
B - A fixed-price contract enables the buyer to transfer risk to the seller. [PMBOK 6th Edition, Page 445, 471] [Project Risk Management]
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your project sponsor has asked you to present your project’s high-level risk register to him in the next project update meeting. To create your high-level risk register, which of the following processes must be performed?
Plan Risk Management
Perform Qualitative Risk Analysis
Identify Risks
Monitor Risks
Answer explanation
C - A high-level risk register contains the identified risks only. The risk register is created during the Identify Risks process. [PMBOK 6th edition, Page 409] [Project Risk Management]
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is an input to the Monitor Risks process?
Risk audits
Change requests
Work performance information
Work Performance Reports
Answer explanation
D - Work Performance Reports are inputs to the Monitor Risks process. [PMBOK 6th edition, Page 453] [Project Risk Management]
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is true about risks?
The risk register documents all the identified risks in detail.
Risk impact should be considered, but probability of occurrence is not important
Risks always have negative impact and not positive.
Risk Response Plan is another name for Risk Management Plan
Answer explanation
A - The risk register contains details of the identified risks. [PMBOK 6th edition, Page 417] [Project Risk Management]
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
During which stage of risk planning are risks prioritized based on their relative probability and impact?
Perform Qualitative risk analysis
Identify Risks
Perform Quantitative risk analysis
Plan Risk Responses
Answer explanation
A - Perform Qualitative Risk Analysis assesses the impact and likelihood of identified risks. During this process, the risks are prioritized based on their relative probability and impact. [PMBOK 6th edition, Page 419] [Project Risk Management]
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