CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does residual risk refer to?

The risk that remains after all responses have been implemented
The degree of uncertainty an entity is willing to take
A risk event that is favorable to the project
The process of defining how to conduct risk management activities

The correct answer is: The risk that remains after all responses have been implemented

Residual risk refers to the risk that remains after all responses have been implemented. This means that despite taking actions to mitigate risk, there is still a level of risk that exists. Option B is incorrect because it refers to the concept of risk appetite, which is the level of uncertainty that an entity is willing to take on. Option C is incorrect because a risk event that is favorable to the project is known as a positive risk, not residual risk. Option D is incorrect because it refers to the process of conducting risk management activities, not the definition of residual risk.