PMI-RMP Certification Training - Risk and Risk Factors

The video tutorial covers project risk management, focusing on individual and overall project risks. It explains the difference between positive and negative risks, and the importance of managing both. Realized risks can become project issues or benefits, affecting project objectives. The tutorial also discusses risk factors such as probability, impact, timing, and frequency, emphasizing the need to manage risks at the appropriate level.

What happens when a threat risk is realized in a project?

• It becomes a project opportunity.

• It becomes a project issue.

• It becomes a project benefit.

• It becomes a project milestone.

What is the main focus of overall project risk?

• Individual project tasks

• Stakeholder communication

• Uncertainty affecting the project as a whole

• Budget allocation

Which of the following is NOT a source of overall project risk?

• Individual risks

• Stakeholder exposure

• Project objectives

• Uncertainty from various sources

What should be considered when assessing a risk related to bad weather?

• The color of the sky

• The probability and impact of the weather

• The location of the project

• The number of team members

Which factor is NOT typically considered when evaluating a project risk?

• Probability of occurrence

• Expected timing of occurrence

• The color of the project logo

• Impact on project objectives