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Free Practice Quiz Question List

4 Risk Response Planning Online Quiz Questions

Use this free practice quiz with 20 questions to review 4 Risk Response Planning, test your knowledge, and prepare for your next test or exam.

20 questions
01
True or false
1 point

True or false: The risk owner oversees a particular risk, while an action owner performs a specific response task.

  1. A

    True

  2. B

    False

02
Choose one
1 point

A supplier delay could postpone integration testing. The team agrees on interim delivery milestones and prepares a substitute component to reduce the chance or impact of delay. Which threat response strategy best describes these actions?

  1. A

    Avoid the threat by removing the supplier from the plan

  2. B

    Mitigate the threat by agreeing on interim milestones and preparing a substitute

  3. C

    Transfer the threat by monitoring supplier progress

  4. D

    Exploit the threat by committing to the supplier

03
Fill in the blank
1 point

The risk that remains after a planned response is carried out is called .

04
Written response
1 point

What risk-management term describes a new risk caused by carrying out a response?

05
Choose one
1 point

A project team has evidence that a compatible cloud service could lower hosting costs and decides to commit to the service once agreed criteria are met. Which opportunity strategy is the team using?

  1. A

    Accept the opportunity without proactive investment

  2. B

    Share the opportunity with a partner

  3. C

    Exploit the opportunity by acting to make it happen

  4. D

    Transfer the opportunity’s financial exposure

06
Fill in the blank
1 point

A project shifts some financial exposure or responsibility for a threat to another party, while recognizing that the threat itself may remain. The team is using the strategy.

07
Written response
1 point

What risk-planning term names a condition that indicates when a response action or contingency should start?

08
True or false
1 point

True or false: A project team may escalate a risk when it is outside the team’s authority or scope.

  1. A

    True

  2. B

    False

09
Choose all
1 point

Which items belong in planning a specific risk response? Select all correct choices.

  1. A

    The action and the risk it addresses

  2. B

    A list of every project team member, whether or not they have a role

  3. C

    The risk owner and any action owners

  4. D

    A guarantee that the risk will not occur

  5. E

    The trigger or conditions for starting the action or contingency

  6. F

    Only a general instruction to keep watching the risk

10
Choose all
1 point

When comparing a proposed response’s expected benefit with its costs and side effects, which factors should the team consider? Select all correct choices.

  1. A

    Additional cost

  2. B

    Whether the response uses a strategy with a short name

  3. C

    Schedule changes

  4. D

    Dependencies

  5. E

    Whether the risk can be removed from the register immediately

  6. F

    Safety or security concerns

11
Choose one
1 point

A supplier-delay threat remains after mitigation. The team decides to monitor it and use a prepared substitute plan if a specified delivery milestone is missed. Which strategy best describes this decision about the remaining exposure?

  1. A

    Transfer it by preparing a substitute component

  2. B

    Accept it by monitoring and defining a contingency if a milestone is missed

  3. C

    Avoid it by shifting financial exposure to another party

  4. D

    Exploit it by agreeing on interim delivery milestones

12
Choose one
1 point

A project team believes a new cloud service could lower hosting costs. It plans an early compatibility test to increase the chance of realizing the benefit, but will decide later whether to commit to the service. Which opportunity strategy best fits the planned test?

  1. A

    Accept the opportunity by avoiding any monitoring

  2. B

    Enhance it by running an early compatibility test to increase its likelihood or beneficial impact

  3. C

    Transfer it by shifting the opportunity to an insurer

  4. D

    Avoid it by changing the plan to eliminate the benefit

13
Open ended
1 point

A software project may face a supplier delay that could postpone integration testing. The team is considering interim delivery milestones and a substitute component, which could create an incompatibility risk. Propose an actionable response plan. Identify a suitable strategy and actions, distinguish the risk owner’s role from an action owner’s task, specify a trigger, and explain how the team should assess and monitor residual and secondary risks.

14
True or false
1 point

True or false: Transferring a threat, for example through insurance, can shift some financial exposure while leaving the threat itself in place.

  1. A

    True

  2. B

    False

15
Choose one
1 point

A project team keeps its supplier but agrees on interim delivery milestones and prepares a substitute component to reduce the likelihood and impact of delay. Which threat response strategy best describes these actions?

  1. A

    Avoid

  2. B

    Mitigate

  3. C

    Transfer

  4. D

    Accept

16
Choose one
1 point

A project may reduce hosting costs if a new cloud service proves compatible. The team wants to increase the chance of realizing this benefit before deciding whether to commit to the service. Which response is the best fit?

  1. A

    Exploit the opportunity by committing to the service immediately

  2. B

    Enhance the opportunity by running an early compatibility test

  3. C

    Share the opportunity by transferring all responsibility to the provider

  4. D

    Accept the opportunity by taking no action and making no preparations

17
Choose one
1 point

A project plan states that the substitute-component contingency will start if the supplier misses the 10 May milestone. What is the trigger for starting that contingency?

  1. A

    The date the project manager reviews the risk register

  2. B

    The substitute component completing integration testing

  3. C

    The supplier missing the specified milestone

  4. D

    The risk owner assigning an action owner

18
Written response
1 point

A team uses a substitute component to reduce the chance of a supplier delay, but the substitute may be incompatible. What is the risk-management term for this new risk caused by the response?

19
Choose one
1 point

A technical lead is accountable for monitoring a particular risk and ensuring its response is selected and carried out. An integration lead performs a specific test assigned in that response. Which role does the technical lead have?

  1. A

    The action owner, because this person oversees the whole risk

  2. B

    The risk owner, because this person is accountable for monitoring the risk and its response

  3. C

    The department name, because responsibility belongs to the whole department

  4. D

    The project manager, because project managers always own every project risk

20
Written response
1 point

After a project team carries out a planned response, some exposure to the original risk remains. What is the risk-management term for that remaining risk?