13.5: PMP-Style Sample Questions

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Which of the following best describes a project risk?
A. Any event that causes a delay
B. An uncertain event that can have a positive or negative impact
C. A known issue that has already occurred
D. A scope change request
The primary output of the “Identify Risks” process is:
A. Risk breakdown structure
B. Risk register
C. Risk management plan
D. Probability-impact matrix
In qualitative risk analysis, the main goal is to:
A. Eliminate all risks
B. Assign monetary values to risks
C. Prioritize risks for further action
D. Transfer all high-priority risks
Which is a threat response strategy?
A. Exploit
B. Enhance
C. Transfer
D. Share
The probability-impact matrix is primarily used to:
A. Calculate earned value
B. Prioritize risks based on likelihood and effect
C. Assign resources to tasks
D. Sequence project activities
Which is an opportunity response strategy?
A. Avoid
B. Mitigate
C. Accept
D. Enhance
Quantitative risk analysis is most useful when:
A. Risks are low priority
B. Risks need detailed numerical impact assessment
C. There is no risk management plan
D. The project is in closure
A risk that has already occurred is best classified as:
A. Residual risk
B. Secondary risk
C. Issue
D. Opportunity
Which document defines how probability and impact will be measured?
A. Risk register
B. Probability-impact matrix
C. Risk management plan
D. Lessons learned register
In expected monetary value (EMV) analysis, a risk with a 30% probability of a $50,000 loss has an EMV of:
A. –$15,000
B. –$50,000
C. $15,000
D. $35,000

Answer Key: 1–B, 2–B, 3–C, 4–C, 5–B, 6–D, 7–B, 8–C, 9–C, 10–A

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