CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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 type of analysis is used in Plan Risk Management to understand stakeholder risk preferences?

Cost-Benefit Analysis
Stakeholder Risk Profile Analyses
Comparative Risk Analysis
Quantitative Risk Analysis

The correct answer is: Stakeholder Risk Profile Analyses

Plan Risk Management uses Stakeholder Risk Profile Analyses because it allows project managers to get a detailed understanding of the risk preferences of stakeholders. A Cost-Benefit Analysis is used to evaluate the potential benefits and costs of a project, rather than understanding risk preferences. A Comparative Risk Analysis is used to compare the relative risk levels associated with different options, rather than understanding stakeholder risk preferences. Quantitative Risk Analysis involves numerical analysis and modeling to predict the likelihood and impact of risks, rather than understanding risk preferences.