Question 1

A risk manager for a financial organization is assigned to support a project team in developing a custom software solution to manage loans. Which document should the risk manager request first from the project sponsor to identify major risks?

Options :

A : Risk management plan

B : Clients' credit scores

C : Organization's mission and vision

D : Historical data from the credit portfolio

Answer: A

Question 2

In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion. In implementing this plan, which response should the risk manager use?

Options :

A : Exploit

B : Accept

C : Share

D : Enhance

Answer: A

Question 3

A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register. How should the risk manager improve collaboration during risk planning?

Options :

A : Gather risk information from all parties and compile all submissions into a strength, weaknesses, opportunities, and threats (SWOT) analysis template.

B : Create a repository for project documents and related artifacts that can be accessed by all parties.

C : Communicate program metrics to all parties and create a scorecard to measure the effectiveness.

D : Work with the project manager to develop a start-up workshop and colocate the team if permitted.

Answer: D

Question 4

A risk manager has noticed that response actions are not working as expected when a risk occurs, mainly because the risk triggers are not well-defined. Which tool should the risk manager use to facilitate risk trigger identification in the upcoming risk review assessment?

Options :

A : Risk burndown chart

B : Ishikawa diagram

C : Risk breakdown structure (RBS)

D : Affinity diagram

Answer: C

Question 5

A risk manager is confident that they have identified and quantified the risks and opportunities for a project. When presenting their work to management, on what areas should the risk manager focus? (Choose two.)

Options :

A : Risks that are tied to the success of the organization

B : Risks as they apply to the organization's overall risk management philosophy and strategic ambition

C : Huge opportunities that possibly bring an additional 30% return for 10 projects in the next year

D : Risks related to cost that will impact the major projects that are currently in the execution phase

E : Risk mitigation actions that will require work from stakeholders

Answer: A,B

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