PRINCE2F PRINCE2 Practices Practice Question
In the risk management procedure, which step includes evaluating the probability and impact of risks?
⚠ Common exam trap
In PRINCE2, candidates often confuse the 'Assess' step with the 'Identify' step, thinking that evaluating probability and impact is part of identification, but it is a separate step in the risk management procedure.
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
✓
Assess
The Assess step in the PRINCE2 risk management procedure is where the probability and impact of each identified risk are evaluated. This step uses techniques such as probability-impact grids to quantify the risk exposure, enabling prioritization based on the risk's overall severity.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Implement
Why it's wrong here
Implementation executes the agreed risk responses and monitors them; scoring likelihood and consequence belongs to the Assess step. Implementation is tempting because it is where risk work becomes visible, and would be correct once responses are approved and the team is carrying out contingency or mitigation actions.
- ✗
Identify
Why it's wrong here
Evaluating probability and impact belongs to the Assess step, where each identified risk is estimated for likelihood and effect. Identify only captures risks, threats and opportunities into the register. It is tempting because identification precedes assessment, but no scoring occurs there.
- ✓
Assess
Why this is correct
Assess is the step where each identified risk is judged for its probability and impact, feeding the risk register and subsequent prioritisation. It sits between Identify and Plan, so it directly satisfies the stem's requirement to evaluate likelihood and consequence.
- ✗
Plan
Why it's wrong here
Planning selects responses and assigns owners for risks already assessed; it does not score probability or impact. Assessment happens in the Assess step. Planning is tempting because it follows assessment and shapes the risk management approach, and would be correct when deciding mitigation actions, budgets and tolerances for known risks.
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Same concept, more angles
1 more way this is tested on PRINCE2F
These questions test the same concept from different angles. Work through them to make sure you can recognise it however the exam phrases it.
Variation 1. In the risk management procedure, which step includes evaluating risk probability and impact?
hard- ✓ A.Assess
- B.Implement
- C.Identify
- D.Plan
Why A: In PRINCE2's risk management procedure, the 'Assess' step is where each risk is evaluated for its probability and impact, and then its overall severity is determined. This step combines the earlier 'Identify' outputs with a structured assessment to prioritize risks for subsequent planning and implementation. The Assess step is explicitly defined in the PRINCE2 risk management procedure as the point where probability and impact are estimated.
JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This PRINCE2F practice question is part of Courseiva's free 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 PRINCE2F exam.