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PMI Risk Management Professional Sample Questions (Q220-Q225):

NEW QUESTION # 220
A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation. Where should the stakeholder look to determine the amount that can be approved?

A. Risk management plan
B. Organizational process assets
C. Project charter
D. Risk register

Answer: A

NEW QUESTION # 221
What identification technique is used to help reduce the ambiguity of a risk statement?

A. Exploit, risk, accept
B. Probability risk, impact
C. Driver risk, outcome
D. Cause, risk, effect

Answer: B

NEW QUESTION # 222
A risk manager notices that a risk owner is facing challenges implementing their response strategy and the costs are significantly exceeding expectations. What is the first thing the risk manager should do?

A. Analyze the situation and meet with the risk owner
B. Highlight this situation to the project manager
C. Conduct a cost-benefit analysis
D. Change the risk response strategy

Answer: A

Explanation:
Explanation
The first thing the risk manager should do is analyze the situation and meet with the risk owner. This will allow the risk manager to understand the challenges faced by the risk owner and work with them to find a solution. Conducting a cost-benefit analysis or changing the risk response strategy may be necessary, but it is important to first understand the situation before taking any action.

NEW QUESTION # 223
There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to get this conflict resolved.
What should the risk manager do to resolve this recurring situation?

A. Revisit the risk thresholds and triggers.
B. Review the stakeholders' risk appetite.
C. Update the risk response strategies.
D. Provide coaching to the risk action owners.

Answer: A

NEW QUESTION # 224
Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."

A. Quality management plan
B. Project charter
C. Risk management plan
D. Risk register

Answer: D

NEW QUESTION # 225
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