CAPM (Certified Associate in Project Management) Practice Exam

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Which of these are tools and techniques for plan risk responses?

  1. Cost-benefit analysis

  2. Strategies for negative risks/threats and opportunities

  3. Quality audits

  4. Performance appraisals

The correct answer is: Strategies for negative risks/threats and opportunities

Plan Risk Responses involves determining ways to enhance opportunities and reduce threats to the project's objectives. Strategies for negative risks/threats and opportunities are key tools and techniques used in developing risk response plans. This option is correct because it specifically addresses addressing both negative risks/threats and opportunities within the project. Cost-benefit analysis is generally used in the quantitative risk analysis process. Quality audits and performance appraisals are tools and techniques used in Quality Management areas of project management, rather than specifically within Risk Management.

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