CAPM · Question #488
Which three processes are generally included in risk management? (Choose three.)
The correct answer is A. Identify Risks C. Perform Qualitative Risk Analysis D. Plan Risk Responses. PMBOK defines seven risk management processes; the three listed in the correct answer - Identify Risks, Perform Qualitative Risk Analysis, and Plan Risk Responses - are among the core recognized processes.
Question
Options
- AIdentify Risks
- BMonitor Risk Costs
- CPerform Qualitative Risk Analysis
- DPlan Risk Responses
- EEstimate Risk Activity Resources
How the community answered
(44 responses)- A89% (39)
- B5% (2)
- E7% (3)
Why each option
PMBOK defines seven risk management processes; the three listed in the correct answer - Identify Risks, Perform Qualitative Risk Analysis, and Plan Risk Responses - are among the core recognized processes.
Identify Risks is the formal process of documenting which risks may affect the project and recording their characteristics in the risk register.
Monitor Risk Costs is not a recognized PMBOK process; the correct ongoing process is 'Monitor Risks,' which tracks identified risks and identifies new ones.
Perform Qualitative Risk Analysis prioritizes identified risks by assessing their probability of occurrence and potential impact on project objectives.
Plan Risk Responses develops strategies and actions to address prioritized risks, either reducing threats or enhancing opportunities.
Estimate Risk Activity Resources is not a standard risk management process; resource estimation belongs to the project resource management knowledge area.
Concept tested: PMBOK standard risk management processes identification
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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