PMI-RMP Certification Training - Key Takeaways - Plan Risk Responses

The video tutorial covers the planned risk responses process, including its inputs, tools, techniques, and outputs. It explains strategies for managing negative risks such as mitigation, avoidance, acceptance, transfer, and escalation. It also discusses strategies for positive risks, including exploitation, enhancement, sharing, acceptance, and escalation. Additionally, the tutorial addresses contingency plans, their usage, and their association with triggers, concluding with an overview of the risk response process.

What are the key components of the planned risk responses process?

• Inputs, tools and techniques, outputs

• Inputs, outputs, feedback

• Tools, techniques, feedback

• Outputs, feedback, evaluation

Which of the following is a negative risk strategy?

• Exploit

• Share

• Enhance

• Mitigate

Which strategy is used to handle positive risks?

• Avoid

• Transfer

• Enhance

• Mitigate

When are contingency plans typically used?

• During project initiation

• When a risk trigger occurs

• After project completion

• During team meetings

What is the purpose of a risk response process?

• To allocate project resources

• To evaluate team performance

• To identify project goals

• To manage and address risks