PRINCE2-PRACTITIONER Practices Practice Question
When implementing the Risk practice in a PRINCE2 7 project, which THREE of the following steps are part of the risk management procedure? (Choose three)
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Identify (context and risks)
The PRINCE2 risk management procedure consists of: Identify, Assess, Plan, Implement, and Communicate. (Options A, B, and E represent valid steps in this procedure).
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Depreciate (writing off risk assets over time)
Why it's wrong here
Depreciate is an accounting term, not part of PRINCE2 risk management.
- ✓
Identify (context and risks)
Why this is correct
Correct. Identifying context and risks is the first step of the procedure.
- ✗
Liquidate (closing supplier contracts automatically)
Why it's wrong here
Liquidate is not part of the PRINCE2 risk procedure.
- ✓
Plan (selecting and planning risk responses)
Why this is correct
Correct. Planning responses is a core step in the risk procedure.
- ✓
Assess (estimating probability and impact)
Why this is correct
Correct. Assessing evaluates the scale and likelihood of risks.
About these practice questions
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JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed August 2026 · checked against the official AXELOS / PeopleCert exam blueprint
This PRINCE2-PRACTITIONER practice question is part of Courseiva's free AXELOS / PeopleCert certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PRINCE2-PRACTITIONER exam.