PMI-RMP · Question #211
The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.
The correct answer is A. Quantitative Risk Analysis B. Risk Monitoring and Control D. Risk Management Planning. The PMBOK Guide defines specific processes within the Project Risk Management knowledge area; not every risk-related phrase corresponds to a recognized process.
Question
The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.
Options
- AQuantitative Risk Analysis
- BRisk Monitoring and Control
- CPotential Risk Monitoring
- DRisk Management Planning
How the community answered
(25 responses)- A92% (23)
- C8% (2)
Why each option
The PMBOK Guide defines specific processes within the Project Risk Management knowledge area; not every risk-related phrase corresponds to a recognized process.
Perform Quantitative Risk Analysis is a formal PMBOK process that numerically analyzes the combined effect of identified risks on overall project objectives, using tools like Monte Carlo simulation and decision tree analysis.
Monitor Risks (formerly Risk Monitoring and Control) is a PMBOK process that tracks identified risks, monitors residual risks, identifies new risks, and evaluates risk process effectiveness throughout the project.
Potential Risk Monitoring is not a recognized process in the PMBOK Guide's Project Risk Management knowledge area; it is a fabricated term that does not correspond to any standard process.
Plan Risk Management is a PMBOK process that defines how risk management activities will be structured, performed, and resourced throughout the project lifecycle.
Concept tested: PMBOK Project Risk Management knowledge area processes
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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