PMP (Project Management Professional) · Question
What is the purpose of conducting a 'root cause analysis' during risk management?
Root cause analysis helps in understanding the fundamental reasons behind risks, leading to more effective risk responses.
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Question: What is the purpose of conducting a 'root cause analysis' during risk management?
Answer options: ✅ To identify the underlying reasons for a risk and prevent its recurrence or reduce its impact
- To prioritize risks based on their probability and impact
- To develop contingency plans for identified risks
- To transfer risks to a third party
Correct answer: To identify the underlying reasons for a risk and prevent its recurrence or reduce its impact
Explanation: Root cause analysis helps in understanding the fundamental reasons behind risks, leading to more effective risk responses.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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