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!

Practice this question and more.

What does the 'control risks process' involve?

Identifying new opportunities only
Implementing risk response plans and monitoring effectiveness
Allocating ownership of all risks to third parties
Ensuring all risks are avoided entirely

The correct answer is: Implementing risk response plans and monitoring effectiveness

The 'control risks process' is an important aspect of project management that involves identifying, analyzing, and responding to potential risks in order to minimize their potential impact on the project. Option A is incorrect because it only refers to identifying new opportunities, whereas the control risks process deals with identifying, assessing, and managing potential risks. Option C is also incorrect because allocating ownership of all risks to third parties is not part of the risk control process as it does not address how to mitigate or respond to risks. Option D is incorrect because it is nearly impossible to avoid all risks entirely, and the control risks process focuses on managing risks rather than avoiding them completely. The correct answer, B, includes implementing risk response plans and monitoring their effectiveness, which are key steps in controlling and managing risks in a project.