PC0-006 Online Practice Questions and Answers

Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

A. Implementing business strategy to improve organizational performance

B. Developing plans to improve the overall efficiency of the organization

C. Maintaining the appropriate levels of service delivery to new and existing customers

D. Delivering defined business change products within budget and on time

Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

A. strategic

B. programme

C. project

D. operational

Which is a responsibility of the senior team role?

A. Approve assessments of risk probability, impact and proximity

B. Specify the required budget to fund risks

C. Document the importance of risk management towards achieving organizational objectives

D. Agree the timing of risk progress reports for an activity

What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?

A. Achieves measurable value

B. Aligns with objectives

C. Engages stakeholders

D. Fits the context

Which is used to review how well an organization has embedded M_o_R?

A. Risk improvement plan

B. Monetary benefit measurement

C. Risk management health check

D. Early warning indicators

Which is a use of the 'SWOT analysis' technique?

A. Estimating the market share of competitors

B. Examining regulatory and corporate governance requirements

C. Informing of the status of the risks facing an activity

D. Identifying future developments that are at the margins of current thinking

Which describes the 'reduce a threat' risk response option?

A. Perform an action to minimise the impact and/or probability of the risk

B. Remove the cause of the threat

C. Obtain an insurance policy to cover the impact should the risk occur

D. Partake in a pain/gain contract with another party for the specified risk

What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A. Informs decision-making

B. Facilitates continual improvement

C. Creates a supportive culture

D. Achieves measurable value

Which is a use of a risk management maturity model?

A. Enabling organizations to benchmark their current risk management capability

B. Checking the state of current risk management

C. Identifying areas where application of risk management can be improved

D. Carrying out an enterprise wide assessment

Which is a responsibility of the M_o_R risk specialist role?

A. Develop plans to improve risk management

B. Establish how risk management will be integrated with performance management

C. Review progress to develop the risk management policy

D. Ensure that risk management strategies have been created