PMP Risk and Issue Management Practice Questions
Risk, issues and impediments are Business Environment tasks 4 and 5 on the July 2026 PMP exam. Practice original questions on risk responses, expected monetary value, decision trees and what to do when a risk turns into an issue.
180 questions in the July 2026 format: a case-study section first, then two sections of independent questions, on one 240-minute clock, with a score by domain and an explanation for every option.
Or try the free risk and issues drill- 38 original risk and issues questions, every option explained
- Business Environment domain (26% of the exam)
- ECO tasks: III-4 Remove impediments and manage issues; III-5 Plan and manage risk
Supplier options
| Option | Up-front cost | Chance of failure | Cost if it fails |
|---|---|---|---|
| Supplier X | $100,000 | 10% | $200,000 |
| Supplier Y | $70,000 | 40% | $150,000 |
Using expected monetary value, which supplier has the lower expected total cost?
What our risk and issues questions cover
- Identifying risks and keeping the risk register current; risk owners
- Qualitative analysis (probability and impact) and quantitative analysis (expected monetary value, decision trees)
- Threat responses (avoid, transfer, mitigate, accept, escalate) and opportunity responses (exploit, share, enhance, accept, escalate)
- Contingency plans, fallback plans, residual and secondary risks, and workarounds
- Recognizing when a risk becomes an issue; the issue log
- Impediments in agile teams: making them visible, prioritizing and removing them
This list is our own summary of the tasks, written for practice. PMI publishes the full task statements and enablers in the PMP Examination Content Outline.
Drill risk and issues, then sit the full exam
180 questions in the July 2026 format: a case-study section first, then two sections of independent questions, on one 240-minute clock, with a score by domain and an explanation for every option.
Or try the free risk and issues drillIdeas the questions test most
- A risk is an uncertain future event; an issue is a current problem. When an identified risk occurs, carry out the planned response from the risk register; if it was not planned, use a workaround and log the issue.
- Expected monetary value = probability × impact. Opportunities add value and threats subtract it.
- Transferring a threat (insurance, a fixed-price contract) moves its financial impact to a third party but does not remove the risk itself. Mitigating reduces probability or impact; avoiding removes the cause.
- Escalation is the response when a threat or opportunity is outside the project’s scope or the project manager’s authority; once escalated, it is owned at the program, portfolio or organization level.
- In agile teams impediments are raised at the daily standup and made visible; the Scrum Master or agile coach works to remove them.
Start the free risk and issues drill · Business Environment domain drill · Full 180-question mock exam
Common questions
What is the difference between a risk and an issue?
A risk is an uncertain event that may or may not happen; an issue is something happening now. When a risk occurs it becomes an issue: you carry out the planned response, or a workaround if none was planned, and record it in the issue log.
How do you calculate expected monetary value?
Multiply each outcome’s probability by its impact and add the results. A 30% chance of a $50,000 delay penalty has an EMV of −$15,000; a 20% chance of a $40,000 saving has an EMV of +$8,000.
180 questions in the July 2026 format: a case-study section first, then two sections of independent questions, on one 240-minute clock, with a score by domain and an explanation for every option.
Or try the free risk and issues drillMore PMP topics
- Team Leadership · People
- Conflict Management · People
- Stakeholder Engagement · People
- Communication Management · People
- Planning and Scope · Process
- Agile and Value Delivery · Process
- Schedule Management · Process
- Cost and Earned Value · Process
- Resources and Procurement · Process
- Quality Management · Process
- Project Status and Closure · Process
- Governance and Compliance · Business Environment
- Change Control · Business Environment
- Organizational Change and Improvement · Business Environment
- Case studies · all domains
Domains, tasks, question types and format: PMI: Project Management Professional (PMP)® Examination Content Outline, July 2026 PMP Certification Exam Update · PMI: PMP certification page (exam format, domains and breaks), checked November 2026.
PMP®, PMI® and PMBOK® are registered marks of the Project Management Institute, Inc. Game Assessment Prep is an independent practice site. It is not affiliated with, endorsed by or an Authorized Training Partner of the Project Management Institute (PMI). Every question is original; none is taken from PMI materials, the PMP exam or another prep provider.