PMI PMI Certifications PMI-RMP Questions & Answers

• Question 131:

  Who is the most appropriate person to conduct a risk identification brainstorming session?

  A. Facilitator

  B. Subject matter expert

  C. Project manager

  D. Project sponsor

  Correct Answer: A

• Question 132:

  A risk manager creates a survey for project stakeholders to obtain their opinions on high levels of risk. Key questions in the survey address acceptable levels of cost increases and schedule delays.

  What is the risk manager trying to determine?

  A. Risk urgency

  B. Risk exposure

  C. Risk threshold

  D. Risk attitude

  Correct Answer: C

• Question 133:

  A risk on the risk register is triggered. This triggered risk costs US$200,000 to mitigate and will overwhelm the project, causing it to fail if not mitigated. The project manager identifies that there is US$200,000 left in the management reserve.

  From which of the following sources should the funds be drawn to cover the risk mitigation?

  A. Organization management reserve

  B. Unplanned risk reserve

  C. Contingency reserve

  D. Management reserve

  Correct Answer: D

• Question 134:

  The stakeholder is unwilling to make decisions that would result in negative consequences to the project. Which of the following describes the stakeholders attitude regarding project risks?

  A. Risk averse

  B. Risk neutral

  C. Risk accepting

  D. Not enough information available to describe the stakeholder's risk attitude.

  Correct Answer: A

• Question 135:

  While preparing for a project review meeting with leadership, the project team analyzes and checks its scope activities and discovers missing requirements. The project risk manager decides to hire a subcontractor to fulfil these newly discovered requirements.

  What risk strategy did the project risk manager use?

  A. Avoid

  B. Transfer

  C. Accept

  D. Mitigate

  Correct Answer: B

• Question 136:

  Which of the following represents the best description of the role of project manager for project risk management?

  A. Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management, assessing the impact of proposed scope changes

  B. Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the project management plan, participating in all aspects of the project risk management process

  C. Approving the risk management plan, participating in all aspects of the project risk management process, auditing the risk management processes in the project

  D. Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management plan, participating in all aspects of the project risk management process

  Correct Answer: B

• Question 137:

  A race director is planning a marathon with US$80,000 in upfront costs that will be offset by race fees. The remainder of the funds will be donated to a national charity. State law mandates that all money paid by the participants must be refunded if the race is cancelled for any reason.

  Which of the following is the best example of a risk mitigation response?

  A. Let the runners know the race will be cancelled only in the event of an emergency.

  B. Purchase an insurance policy covering up to US$85,000 in losses, at a cost of US$5,000, in the event the race is cancelled.

  C. Inform the charity that they will receive no funds should the race be cancelled.

  D. Charge the runners an additional amount to cover the US$80,000.

  Correct Answer: B

• Question 138:

  The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has an overall project risk that exceeds the risk levels documented in the risk management plan.

  What would be the best course of action for the company to take with the project based on its current scope?

  A. Monitor ongoing risks closely for any major changes.

  B. Perform a Monte Carlo simulation to understand possible risk outcomes.

  C. Cancel the project, as the overall level of risk remains unacceptable.

  D. Conduct a stakeholder meeting to validate stakeholder risk appetite.

  Correct Answer: B

• Question 139:

  What are the supporting elements for effective risk management?

  A. Trained core people, matrix organization, simple scalable process, and tools and techniques

  B. Competent people, collaborative organization, rigorous process, and tools and techniques

  C. Competent people, supportive organization, simple scalable process, and tools and techniques

  D. Competent people, functional organization, policy, and tools and techniques

  Correct Answer: C

• Question 140:

  Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?

  A. Root cause analysis

  B. Quantitative risk analysis

  C. Ensuring that actions are available to address significant events before their occurrence

  D. Involving selected exons in the process

  Correct Answer: B