APM APM Certifications APM-PFQ Questions & Answers

• Question 41:

  Which of the following descriptions particularly identifies a risk?

  A. An unplanned delay to the project.

  B. current problem that will result in the project going over budget.

  C. An uncertain event that if it occurs will have an effect on one or more of the project objectives,

  D. current problem that will result in the project being delayed.

  Correct Answer: C

• Question 42:

  The implementation of risk management on a project requires a cost allocation from the project budget. Which statement describes the most representative return from such an investment?

  A. A benefit to the project if potential opportunities are realised

  B. The cost of dealing with a risk should it occur is usually greater than the cost of managing that risk.

  C. Risk management in the project facilitates team building.

  D. It allows the organisation to assure stakeholders of project compliance with regard to risk management.

  Correct Answer: B

• Question 43:

  Which one of the following would be expected to form the main part of a risk analysis?

  A. Deciding on the approach to project risk management.

  B. Evaluating the risk in terms of severity and relative importance.

  C. Deciding on how to respond to the risk and who should implement the response.

  D. Deciding if the risk is a threat or opportunity.

  Correct Answer: B

• Question 44:

  As part of the risk management process the capture of threats and opportunities to the project objectives are referred to as:

  A. risk assessment.

  B. risk avoidance.

  C. risk exposure.

  D. risk identification.

  Correct Answer: D

• Question 45:

  Who would be typically described as the person or organisation best placed to deal with a risk?

  A. Risk manager.

  B. Sponsor.

  C. Project sponsor.

  D. Risk owner.

  Correct Answer: D

• Question 46:

  A typical risk management process would follow the steps:

  A. identification. analysis, response. closure.

  B. assessment, analysis. closure. response.

  C. assessment, planning, managing. response.

  D. identification, planning, response. closure

  Correct Answer: A

• Question 47:

  Which one Of the following statements about project risk is true?

  A. Risk is always beneficial to the project.

  B. Risk is neither beneficial or detrimental to the project

  C. Risk can be beneficial or detrimental to the project.

  D. Risk is always detrimental to the project.

  Correct Answer: C

• Question 48:

  A member of your team has described being involved in a risk event. Which one of the following would best describe such an event?

  A. An action or set of actions to reduce the probability or impact of a threat, or to increase the probability or impact of an opportunity.

  B. The plan of the response to risks.

  C. An uncertain event or set of circumstances that if realised would have an effect on project objectives.

  D. A risk identification workshop.

  Correct Answer: C

• Question 49:

  What is the main benefit of using a risk register in the project?

  A. It records risks. their impact and the responses being adopted.

  B. It records risk ownership and how issues are being managed.

  C. It assesses the impact and probability of risks taking place.

  D. It directs the team in how the management of risk in the project should be conducted.

  Correct Answer: A

• Question 50:

  On examining a particular risk in the project there is some uncertainty among the project team of how important this risk is to the project. How would you advise the team on how the significance of the risk is to be determined?

  A. By assessing its probability of occurrence.

  B. By assessing its impact on project objectives,

  C. By assessing both its probability of occurrence and its impact on project objectives.

  D. By assessing its effect on the business case.

  Correct Answer: C