CAPM (Certified Associate in Project Management) Practice Exam

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Diagramming Techniques are a tool and technique of which Risk Management Process?

Plan Risk Management
Identify Risks
Perform Quantitative Risk Analysis
Monitor and Control Risks

The correct answer is: Identify Risks

Diagramming Techniques are a tool and technique used in the Risk Management Process of Identifying Risks. During the Identify Risks process, project teams can utilize various diagramming techniques such as cause and effect diagrams, flowcharts, and influence diagrams to visualize and understand the potential risks that could affect the project. These techniques help in identifying and documenting risks in a structured manner, enabling the project team to have a clear overview of the potential threats and opportunities that may impact the project objectives. Hence, the correct answer is Identify Risks. Option A, Plan Risk Management, involves defining how to conduct risk management activities for a project. Option C, Perform Quantitative Risk Analysis, focuses on evaluating risks to determine their potential impact on project objectives quantitatively. Option D, Monitor and Control Risks, deals with tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating the effectiveness of the risk process.