PMI PMI Certifications PMI-RMP Questions & Answers

• Question 151:

  You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?

  A. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.

  B. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.

  C. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.

  D. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

  Correct Answer: A

• Question 152:

  Wendy is the project manager of the NNJ project for her company. As part of the variance and trend analysis tool and technique for risk governance she is using earned value management. In this approach, Wendy wants to track and compare the cost and schedule variances. What is the point of this tool and technique in regard to risk?

  A. Wendy can determine a true project completion date.

  B. Wendy can track the cost and schedule variances.

  C. Wendy can review quality performance on baselines.

  D. Wendy can forecast deviation of the project cost and schedule for completion targets.

  Correct Answer: D

• Question 153:

  You work as a project manager for BlueWell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decided, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project which of the following are likely to increase?

  A. Costs

  B. Quality control concerns

  C. Human resource needs

  D. Risks

  Correct Answer: D

• Question 154:

  Which of the following techniques examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses?

  A. SWOT Analysis

  B. Expert Judgment

  C. Delphi

  D. Brainstorming

  Correct Answer: A

• Question 155:

  Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

  A. Determination of the true cost of the risk event

  B. Probability and Impact Matrix

  C. Root cause analysis

  D. Interviews or meetings

  Correct Answer: D

• Question 156:

  You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

  A. Risk audits

  B. Stakeholder analysis as the project team is a stakeholder

  C. Risk identification with the project team

  D. Risk analysis

  Correct Answer: A

• Question 157:

  In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?

  A. Determines if the project assumptions are still valid

  B. Determines if the risk management policies and procedures are being followed

  C. Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment

  D. Determines if the project constraints are still valid

  Correct Answer: D

• Question 158:

  Thomas is the project manager of the NHJ Project for his company. He has identified several positive risk events within his project and he thinks these events can save the project time and money. Positive risk events, such as these within the NHJ Project are also known as what?

  A. Benefits

  B. Opportunities

  C. Ancillary constituent components

  D. Contingency risks

  Correct Answer: B

• Question 159:

  You are the project manager for your organization and you are working with Thomas, a project team member. You and Thomas have been working on a specific risk response for a probable risk event in the project. Thomas is empowered with a risk response and will control all aspects of the identified risk response in which a particular risk event will happen within the project. What title, in regard to risk, is bestowed on Thomas?

  A. Risk expeditor

  B. Risk owner

  C. Risk team leader

  D. Risk coordinator

  Correct Answer: B

• Question 160:

  Risks with low ratings of probability and impact are included on a ____ for future monitoring.

  A. Risk alarm

  B. Watchlist

  C. Observation list

  D. Risk register

  Correct Answer: B