PMI-RMP Certification Training - Critical Success Factor - Plan Risk Responses

The video tutorial covers key aspects of risk management, emphasizing the importance of communication, clearly defined roles, and accountability. It discusses the integration of risk response timings into project plans and the need for strategic planning to address both threats and opportunities. The tutorial also highlights the significance of considering interaction effects of risks and responses.

Why is it important to associate specific individuals with risk management roles?

• To reduce communication

• To ensure accountability

• To avoid assigning responsibilities

• To increase project costs

What is a key reason for distributing risk ownership among different stakeholders?

• To increase the workload of the project manager

• To ensure proper attention to risks

• To simplify the project plan

• To reduce the number of stakeholders

How should risk response timings be integrated into a project?

• Into the project management plan

• As a separate document

• Only in the final project report

• In the project budget

What must be considered regarding the interaction effects of risks and responses?

• They can create other risks

• They simplify risk management

• They are irrelevant to the project

• They are always beneficial

What should a risk response plan address?

• Only opportunities

• Neither threats nor opportunities

• Only threats

• Both threats and opportunities