Risk Management — PMI CAPM Practice Questions
Risk management in project management is a structured approach to identifying, analyzing, planning responses to, and monitoring risks that could affect project objectives positively or negatively. The CAPM exam covers the full risk management lifecycle across six processes: Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, and Monitor Risks. Candidates must understand both threats (negative risks) and opportunities (positive risks), as well as response strategies for each such as avoiding, transferring, mitigating, exploiting, and accepting. This is one of the more heavily tested knowledge areas because risk thinking is embedded throughout all phases of a project.
Free questions on risk management
More risk management questions in the full bank
- What is sensitivity analysis? Unlock answer & explanation →
- Which risk response strategy involves shifting responsibility to a third party? Unlock answer & explanation →
- You are conducting a qualitative risk analysis. A risk has been rated as high probability and high impact. What should be your next step? Unlock answer & explanation →