PMI PMI Certifications PMI-RMP Questions & Answers

• Question 111:

  Which of the following could be included in risk monitoring and controlling techniques?

  A. Status review meetings, trend analysis, earned value analysis, McGregor's analysis, defect repair, inspection

  B. Status review meetings, variance analysis, trend analysis, earned value analysis, inspection, control charts

  C. Status review meetings, control charts, Inspection, defect repair, Maslow's analysis, trend analysis

  D. Variance analysis, trend analysis, earned value analysis, Maslow's analysis, control charts, brainstorming

  Correct Answer: B

• Question 112:

  Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.

  What recommendation could be implemented to prevent this from recurring?

  A. Use the Monte Carlo simulation.

  B. Implement a reserve analysis process.

  C. Conduct more frequent reserve watch list status meetings.

  D. Increase the contingency reserve.

  Correct Answer: C

• Question 113:

  Which of the following situational factors has a significant effect on risk attitude?

  A. The risk heuristics evaluation available to the project team during planning and execution

  B. The perception of probability or frequency of occurrence and the perception of impact magnitude

  C. The number of project team members with close relationships to the chief executive officer (CEO)

  D. The number of external stakeholders and the potential for indirect consequences

  Correct Answer: B

• Question 114:

  During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was originally identified as a risk during earlier stages of the project and the associated risk response indicated a plan to purchase a new power adapter.

  Which project fund will be used to cover this cost?

  A. Management reserve

  B. Management budget

  C. Project budget

  D. Contingency reserve

  Correct Answer: D

• Question 115:

  A risk manager is assigned to a short-term telecommunications upgrade project. This project is not technically complex, but has rigorous implementation timelines, and very little cost reserve available to address potential problems. The project manager indicates that completing the project on time is critical, but should not be done at the expense of performance.

  Which aspect of risk impact is most important when designing the risk impact scale?

  A. Technical performance

  B. Cost

  C. Technical requirements

  D. Schedule

  Correct Answer: A

• Question 116:

  A risk is identified early in the project. After six months, itis determined that the risk does not apply to this particular project.

  How should the risk be handled by the risk manager?

  A. Ignore the risk and concentrate only on the pertinent risks.

  B. Remove the risk from the risk register and inform the project manager that it is no longer valid.

  C. Close the risk during the next risk board meeting and keep it in the risk register.

  D. Conduct a risk analysis to determine how an inappropriate risk was formally accepted.

  Correct Answer: C

• Question 117:

  

  Very low = 1, Low = 2, Moderate = 3, High = 4, Very High = 5.

  A project manager must complete a report for a stakeholder who is concerned about the possibility of a funding shortfall. What is the most effective way to explain the risk to this stakeholder?

  A. The funding shortage is the lowest ranked/scored risk.

  B. The funding shortage is a significant risk.

  C. The funding shortage will have a very high impact on the project and is the highest priority.

  D. The funding shortage has a very low probability of occurring and is not a concern for the project.

  Correct Answer: B

• Question 118:

  Which tool can the project risk manager utilize to help identify and assess project risks?

  A. Risk audit

  B. Risk surveys

  C. Risk manager interviews

  D. Risk sensitivity surveys

  Correct Answer: B

• Question 119:

  What are common examples used to communicate risk probability and impact?

  A. Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis.

  B. Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation

  C. Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix

  D. Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

  Correct Answer: B

• Question 120:

  Which of the following characteristics would a risk-tolerant person or group demonstrate?

  A. Adaptable and resourceful; not afraid to take action; thrill seeking

  B. Discomfort with uncertainty; low tolerance for ambiguity. seeks security and resolution in the face of risk

  C. Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and not afraid of change or unknowns

  D. Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior.

  Correct Answer: D