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9.4: PMP-Style Sample Questions

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    1. A risk is best defined as:
      1. A problem that has occurred
      2. An uncertain event that could have positive or negative effects
      3. A known issue requiring resolution
      4. A constraint that limits the project
    2. Which risk response strategy eliminates a threat entirely?
      1. Mitigate
      2. Transfer
      3. Avoid
      4. Accept
    3. A probability-impact matrix is used primarily for:
      1. Quantitative risk analysis
      2. Qualitative risk analysis
      3. Risk response planning
      4. Risk monitoring
    4. Expected Monetary Value (EMV) is calculated as:
      1. Impact divided by probability
      2. Probability plus impact
      3. Probability multiplied by impact
      4. Impact minus probability
    5. Which opportunity response strategy involves partnering with another party to pursue a positive risk?
      1. Exploit
      2. Enhance
      3. Share
      4. Accept
    6. A secondary risk is:
      1. A low-priority risk
      2. A risk that arises from implementing a risk response
      3. The second risk identified in a project
      4. A risk transferred to another party
    7. Purchasing insurance is an example of which threat response strategy?
      1. Avoid
      2. Mitigate
      3. Transfer
      4. Accept
    8. Monte Carlo simulation is used for:
      1. Qualitative risk analysis
      2. Risk identification
      3. Quantitative analysis of overall project risk
      4. Risk response implementation
    9. Risk triggers are:
      1. The root causes of risks
      2. Early warning signs that a risk is about to occur
      3. The impacts of materialized risks
      4. The people responsible for managing risks
    10. Which statement about risks and issues is correct?
      1. Issues are risks that have occurred
      2. Issues and risks are the same thing
      3. A risk is a current problem; an issue is uncertain
      4. Issues are always more severe than risks
    11. Risk audits examine:
      1. Whether risk responses are effective and the risk process is working
      2. Whether the project budget is accurate
      3. Technical performance only
      4. Stakeholder satisfaction
    12. Residual risk is:
      1. The risk remaining after responses are implemented
      2. A risk that has been transferred
      3. An avoided risk
      4. A risk that occurred earlier in the project
    13. Which risk identification technique examines Strengths, Weaknesses, Opportunities, and Threats?
      1. Brainstorming
      2. Checklist analysis
      3. SWOT analysis
      4. Expert interview
    14. The risk management plan defines all EXCEPT:
      1. Risk categories
      2. Probability and impact scales
      3. Specific identified risks
      4. Roles and responsibilities
    15. Assigning the best resources to ensure an opportunity is realized is which strategy?
      1. Enhance
      2. Exploit
      3. Share
      4. Accept

     Answer Key: 1-B, 2-C, 3-B, 4-C, 5-C, 6-B, 7-C, 8-C, 9-B, 10-A, 11-A, 12-A, 13-C, 14-C, 15-B

    9.4: PMP-Style Sample Questions is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by LibreTexts.