TOPIC: Free PMP Exam Sample Question of the Week!

Question:

Your team finished creating the initial version of the Risk Register during your latest workshop. What is the next thing that you should do?

A. Define the probability of occurrence and the impact for each risk
B. Identify the risk effects and assign a numerical rating to each
C. Review cost planning to ensure that enough risk reserve is available
D. Identify, analyze and plan for newly-arisen risks

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Hint: You've completed your risk identification.

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Answer and Explanation:

The Correct Answer is A.

The scenario says that you have finished creating the initial version of the Risk Register. Finished means that you have completed identifying risks and prepared the risk register.
Your next step is therefore to move into the Perform Qualitative Risk Analysis process, which is the process where (among other things) you will prioritize risks for further analysis by assessing and combining the probability of occurrence and impact.