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Risk Management Mock exam

Authored by Mostafa Aly

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Professional Development

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Risk Management Mock exam
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What is the primary purpose of risk strategy and planning in PMI-RMP?

Risk identification

Risk analysis

Risk mitigation

Risk management

2.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Which of the following is NOT a component of risk strategy and planning?

Risk identification
Risk assessment
Risk monitoring
Risk response planning

3.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What is the first step in risk strategy and planning?

Risk assessment
Risk response planning
Risk identification
Risk monitoring

4.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Which document is typically created as a part of risk strategy and planning in PMI-RMP?

Risk register
Project charter
Stakeholder analysis
Project scope statement

5.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Which risk strategy involves accepting the potential risk without taking any action?

Risk avoidance
Risk transfer
Risk mitigation
Risk acceptance

6.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

In risk strategy and planning, what does the term "Risk Tolerance" refer to?

The willingness to take risks
The likelihood of a risk occurring
The impact of a risk
The probability of risk occurrence

7.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Which risk strategy transfers the risk to a third party, such as insurance?

Risk avoidance
Risk acceptance
Risk transfer
Risk mitigation

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