PMI-RMP Certification Training - Risk Breakup Structure, Effect, and Source-Based Risk Calculation

The video tutorial covers the concept of risk breakdown structure (RBS) in project management, explaining how it helps organize potential risk areas. It also discusses effect-based risk classification, focusing on managing uncertainties in time, cost, scope, and quality. The tutorial further explores source-based risk classification, analyzing risks based on their origin, whether internal or external to the project or organization.

What is the primary purpose of a Risk Breakdown Structure (RBS) in project management?

• To organize potential areas of risk

• To create a detailed project schedule

• To define project objectives

• To allocate project resources

Which of the following is NOT a component of the project management triad?

• Time

• Stakeholder

• Cost

• Quality

Why is managing uncertainty in time, cost, and scope crucial for project success?

• It ensures stakeholder engagement

• It guarantees project funding

• It simplifies project documentation

• It leads to effective risk management

How can risks be classified in source-based risk classification?

• By their potential cost to the project

• By their likelihood of occurrence

• By their origin, such as internal or external

• By their impact on project quality

Which of the following is an example of an external risk source?

• Project timeline

• Market competition

• Organizational culture

• Project team skills