PMP Exam Preparation - Quiz 17, Project Planning P10

1. What is the primary goal of Perform Quantitative Risk Analysis?

A. To prioritize project risks
B. To numerically analyze the effect of risks on project objectives
C. To develop risk response strategies
D. To identify new risks

2. In the Plan Risk Responses process, what is a key outcome?

A. Developing a risk management plan
B. Identifying potential risks
C. Allocating resources to address risks
D. Conducting risk assessments

3. The Plan Procurement Management process primarily aims to:

A. Identify project stakeholders
B. Document procurement decisions and strategies
C. Establish project baselines
D. Analyze project risks

4. What is a key aspect of the Plan Stakeholder Engagement process?

A. Risk analysis
B. Procurement planning
C. Developing approaches to involve stakeholders
D. Resource allocation

5. During Perform Quantitative Risk Analysis, which of the following is crucial?

A. Qualitative risk assessment
B. Numerical risk evaluation
C. Stakeholder identification
D. Cost management

6. In Plan Risk Responses, what is essential for risk strategy selection?

A. Cost-benefit analysis
B. Scope baseline
C. Resource management
D. Stakeholder engagement

7. What is a key consideration in Plan Procurement Management?

A. Risk categorization
B. Make-or-buy decisions
C. Stakeholder analysis
D. Project scheduling

8. In Plan Stakeholder Engagement, what factor is crucial for updating the plan?

A. Cost variations
B. Changes in stakeholder community
C. Risk register updates
D. Procurement strategy changes

9. Which tool is often used in Perform Quantitative Risk Analysis?

A. Stakeholder analysis
B. Sensitivity analysis
C. Communication planning
D. Quality management

10. Which outcome is a primary focus of Plan Risk Responses?

A. Developing a procurement plan
B. Addressing overall project risk
C. Creating a project charter
D. Conducting market research

11. What is a critical element in Plan Procurement Management?

A. Quality control
B. Identifying potential sellers
C. Stakeholder engagement
D. Risk assessment

12. In Plan Stakeholder Engagement, what is a key method used?

A. Benchmarking
B. Cost-benefit analysis
C. Risk probability assessment
D. Quality audits

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