The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com – The answer is at the very bottom:
——————————
Tim is the project manager working on an electronic manufacturing project. In his project he wants to establish a warranty for some of the precision parts he is buying. What risk response strategy is he using?
A.) Mitigate
B.) Avoid
C.) Accept
D.) Transfer
——————————
Hint: Tim is shifting the negative impact of the risk.
——————————
All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try the PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
ANSWER AND EXPLANATION:
The correct answer is D.
Explanation: Risk transfer requires shifting some or all of the negative impact of a threat, along with the ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.
Reference: PMBOK4 – pg:303
Leave a Reply
You must be logged in to post a comment.