Risk Response — PMP - Project Management Professional Practice Questions
Risk response planning involves selecting and agreeing on strategies and actions that address identified risks, both threats and opportunities, before they occur. For threats, the PMP exam tests the four main strategies: avoid, transfer, mitigate, and accept, along with the use of contingency reserves and fallback plans. For opportunities, candidates must know the corresponding strategies of exploit, share, enhance, and accept, and understand that a residual risk may remain even after a response is implemented.
Free questions on risk response
Which project management knowledge area deals with identifying, analyzing, and responding to project risks?
Free question · easy · full answer + explanation
More risk response questions in the full bank
- How should you manage project risks that have high probability and high impact? Unlock answer & explanation →
- During risk monitoring and control, you discover that a risk you previously assessed as low probability now has high probability. What should you do? Unlock answer & explanation →
- You discover that vendors require longer lead times than planned. What should you do? Unlock answer & explanation →