PMI-RMP Certification Training - Risk Profiling and Attitude

The video tutorial discusses the concept of risk appetite, focusing on the stakeholders' willingness and ability to take risks in a project. It explains how a risk profile identifies acceptable risk levels and provides examples of different investment types, such as fixed deposits, mutual funds, and equity, to illustrate varying risk levels. The tutorial also covers risk attitudes, categorizing individuals and organizations as risk-averse, risk-tolerant, or risk-seekers, and highlights the importance of understanding these attitudes in project management.

Whose risk appetite is crucial for determining the acceptable level of risk in a project?

• The project manager's

• The project sponsor's

• The team's

• The client's

Which type of investment is considered to have the lowest risk but also moderate returns?

• Equity

• Mutual funds

• Fixed deposits

• Real estate

What is a characteristic of a risk-averse individual?

• They seek high-risk opportunities

• They avoid high-risk situations

• They are indifferent to risk

• They embrace uncertainty

How do risk-tolerant individuals view risk?

• They are unaware of it

• They fear it

• They ignore it completely

• They view it objectively

What is a potential outcome for risk seekers?

• Guaranteed high gains

• No gains or losses

• High losses and high gains

• Consistent moderate gains