PMI PMI Certifications PMI-RMP Questions & Answers

• Question 91:

  The risk manager evaluates two contractors, contractor A and contractor B, for a project with a finish date of 15 December. The contractors' bids are the same, including the cost. After performing a Monte Carlo assessment on the contractors' schedules, the risk manager returns the following information:

  

  In order for contractor A to meet the finish date of 15 December, it will cost an additional US$750,000, and will not change the confidence level.

  In order for contractor B to meet the finish date of 15 December, it will cost an additional US$600,000, and will increase the confidence level by 10%.

  Which contractor should the risk manager select?

  A. Contractor A, based on the probability and confidence levels, as there is a higher cumulative probability of completion by 15 December.

  B. Contractor B, based on the probability and confidence levels, as there is a higher cumulative probability of completion by 15 December.

  C. Contractor B, based on costing US$150,000 less than contractor A.

  D. Contractor A, based on the confidence level.

  Correct Answer: B

• Question 92:

  A project manager is running a high-cost telecommunications project. There is a monthly status meeting, and the risk manager should provide an update to the project team and project sponsors on major risks.

  What risk related information should be included in the monthly status meeting of this complex project?

  A. Top priority risks at present, risks closed in the last period, milestone changes

  B. Top priority risks at present, risks that have occurred, risk management plan

  C. Top priority risks at present, risks that have occurred, changes in scope

  D. Top priority risks at present, risks that have occurred, risks closed in the last period

  Correct Answer: D

• Question 93:

  When considering human factors and risk attitudes relative to the risk process, which approach should be used to influence the risk management process for optimal effects at the individual and group levels?

  A. Agile

  B. Reactive

  C. Ongoing

  D. Proactive

  Correct Answer: D

• Question 94:

  Which of the following demonstrates that a company's risk management process is successful?

  A. Projects deemed too risky are given additional time.

  B. The number of identified risks has decreased.

  C. Profitability has increased due to the risk management process.

  D. Additional resources were added to complete the project faster.

  Correct Answer: C

• Question 95:

  During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customers electrical infrastructure. This event was not originally identified as a risk. To maintain the project schedule, the project manager decides to purchase a new power adapter.

  What type of response best describes this course of action?

  A. Contingency plan

  B. Management plan

  C. Fallback plan

  D. Workaround

  Correct Answer: D

• Question 96:

  Which of the following is the primary project artifact used to capture risks, strategies, ownership patterns, and other vital information about an organization's project risk baseline?

  A. Risk action plan with owners

  B. Risk register

  C. Mitigation plan

  D. Risk management plan

  Correct Answer: B

• Question 97:

  The risk manager is documenting the results of the Monitor Risks process to add them to the lessons learned database.

  A. Effectiveness of risk response

  B. Unexpected or undocumented risks which occur

  C. Relevant risk data

  D. Management reserve report

  Which of the following should be included?

  A. A, B, C

  B. A, C, D

  C. B, C, D

  D. A, B, D

  Correct Answer: A

• Question 98:

  For the last several months, a project manager for a global technology program is focused on improving the project outsourcing process and analyzing the vendor supply chain as key pieces of the cost containment strategy. Early in the project, these two areas were identified as key risks to the final delivery of the project. Since that initial risk identification, the risk manager works to identify additional risks, as well as analyze the potential impact to the project cost baseline. After performing a cost-risk sensitivity analysis, the risk manager produces this chart.

  

  Based on this analysis, which two risk areas should the project manager focus on to control project cost?

  A. Vendor supply chain disruption and final system test

  B. Vendor supply chain disruption and software design changes

  C. Outsourcing negotiations and vendor supply chain disruption

  D. Labor rate increases and management reviews

  Correct Answer: A

• Question 99:

  A company is executing a high-visibility project to develop mobile phone technology. The project sponsor is concerned that an overall high risk rating may undermine support for the project within the company. The sponsor has instructed the project manager to manipulate the data used for Monte Carlo simulation to artificially reduce the risk rating. What should the project manager do?

  A. Schedule a face-to-face meeting with the project sponsor.

  B. Modify the data.

  C. Ignore the request.

  D. Email the project sponsor explaining why the data should not be modified.

  Correct Answer: D

• Question 100:

  The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?

  A. Scheduled, budgeted, and easy for project stakeholders to understand

  B. Cost-effective, validated by Monte Carlo analysis, and assigned

  C. Iterative, scaled to the project, and addressing threats and opportunities

  D. Timely, cost-effective, agreed-upon, and accepted

  Correct Answer: A