PMI-ACP Exam Guide: Risk Evaluation

Risk Evaluation is a key aspect of Agile Risk Management and an important part of the PMI-ACP (Project Management Institute Agile Certified Practitioner) exam.

Why is Risk Evaluation Important?
It is essential in identifying and assessing potential threats and uncertainties that could affect the project's goals and objectives. By conducting a risk evaluation, teams can devise strategies for mitigating, avoiding, or accepting risks.

What is Risk Evaluation in PMI-ACP?
Risk Evaluation involves assessing the likelihood of identified risks and their potential impact.
This includes prioritizing risks based on their potential effect on the project.

How does Risk Evaluation work?
Risk evaluation involves a few key steps: Identifying risks, assessing their potential impact, and then prioritizing them. Various tools and strategies like Risk Probability and Impact Assessment, Risk Urgency Assessment, etc., are used.

Exam Tips: Answering Questions on Risk Evaluation

• Focus on understanding the principles and practices involved in Agile Risk Management.
• Remember, risk evaluation in the context of an Agile project involves more than just assessing risks. It's also about prioritizing and managing them.
• Make sure you understand the different methods used for risk evaluation like Risk Probability and Impact Assessment, and Risk Urgency Assessment.
• Read the questions carefully. Some might require a more in-depth understanding of risk evaluation concepts.
• Practice sample questions to understand the pattern and format of the questions.