PMI PMI Certifications PMI-RMP Questions & Answers

• Question 141:

  During what process should a project manager assign a risk owner?

  A. Plan Risk Responses

  B. Plan Risk Management

  C. Monitor Risks

  D. Identify Risks

  Correct Answer: B

• Question 142:

  What identification technique is used to help reduce the ambiguity of a risk statement?

  A. Driver risk, outcome

  B. Exploit, risk, accept

  C. Probability risk, impact

  D. Cause, risk, effect

  Correct Answer: D

• Question 143:

  The risk manager is prioritizing risks based on the potential impact to cost and schedule and identifies the following 4 risks:

  Risk 1 has a US$500,000 potential cost increase, and a 60 day potential schedule slippage, with a 25% probability of occurring Risk 2 has a US$200,000 potential cost increase, and a 20 day potential schedule slippage, with a 60% probability of occurring Risk 3 has a US$1,200,000 potential cost increase, and a 90 day potential schedule slippage, with a 10% probability of occurring Risk 4 has @ US$600,000 potential cost increase, and a 70 day potential schedule slippage, with a 20% probability of occurring

  Using expected monetary value calculation, which risk has the greatest potential impact to cost and schedule?

  A. Risk 1

  B. Risk 2

  C. Risk 3

  D. Risk 4

  Correct Answer: A

• Question 144:

  A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation.

  Where should the stakeholder look to determine the amount that can be approved?

  A. Project charter

  B. Risk management plan

  C. Risk register

  D. Organizational process assets

  Correct Answer: B

• Question 145:

  Which of the following success factors will enhance the Perform Qualitative Risk Analysis process as the risk occurrence gets closer?

  A. Agreed-upon definition

  B. Iterative analysis

  C. High quality information

  D. Agreed-upon approach

  Correct Answer: A

• Question 146:

  Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

  A. Risk response

  B. Quantitative analysis

  C. Contingency reserve

  D. Risk response plan

  Correct Answer: C

• Question 147:

  Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

  A. Risk register

  B. Risk low-level watch list

  C. Project scope statement

  D. Project charter

  Correct Answer: A

• Question 148:

  Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?

  A. Enhancing

  B. Exploiting

  C. Mitigation

  D. Transference

  Correct Answer: C

• Question 149:

  You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often should you and the project team do risk identification?

  A. It depends on how many risks are initially identified.

  B. At least once per month

  C. Identify risks is an iterative process

  D. Several times until the project moves into execution

  Correct Answer: C

• Question 150:

  Joan is the project manager of the KYU project for her company. She is working with management on defining a contingency reserve for her project. Currently the project is scheduled to last 18 months and it has a cost budget of $2.5 million. What two areas of the project can the contingency reserve address in regard to risk management?

  A. Quality and costs

  B. Cost and resource management

  C. Risk and project planning

  D. Costs and schedule

  Correct Answer: D