CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM Exam with challenging questions and comprehensive explanations. Utilize flashcards and multiple choice quizzes to enhance your project management knowledge. Ace your exam with confidence!

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.