PMI PMI Certifications PMI-RMP Questions & Answers

• Question 161:

  You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?

  A. Acceptance

  B. Mitigation

  C. Transference

  D. Avoidance

  Correct Answer: C

• Question 162:

  What approach can a project manager use to improve the project's performance during qualitative risk analysis?

  A. Focus on near-term risks first.

  B. Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.

  C. Focus on high-priority risks.

  D. Analyze as many risks as possible regardless of who initiated the risk event.

  Correct Answer: C

• Question 163:

  Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?

  A. Risk management plan

  B. Project sponsor

  C. Risk response plan

  D. Look-up table

  Correct Answer: D

• Question 164:

  You are the project manager of the NHH project for your company. You and the project team have completed the quantitative risk analysis for your project. During this process you create a contingency reserve based on the risk probability-impact matrix as seen in the figure below.

  

  Based on the information in the figure above, what amount would you need to include in your risk contingency fund?

  A. -$465,000

  B. $171,500

  C. -$258,500

  D. $258,500

  Correct Answer: D

• Question 165:

  What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?

  A. Risk analysis plan

  B. Staffing management plan

  C. Human resource management plan

  D. Risk management plan

  Correct Answer: D

• Question 166:

  You are the project manager for the NHQ Project. This project requires that you install 140 copies of design software onto your department's computers. The vendor offers you a twenty percent discount on the software if your company will purchase 150 or more copies of the software. You communicate this offer with other departments in your firm to see if anyone else would need 10 copies of the software to save your project a significant amount of funds. What is this risk response called?

  A. Exploiting

  B. Avoidance

  C. Sharing

  D. Transference

  Correct Answer: C

• Question 167:

  The Identify Risk process determines the risks that affect the project and document their characteristics. Why should the project team members be involved in the Identify Risk process?

  A. They are the individuals that will need a sense of ownership and responsibility for the risk events.

  B. They are the individuals that will have the best responses for identified risks events within the project.

  C. They are the individuals that are most affected by the risk events.

  D. They are the individuals that will most likely cause and respond to the risk events.

  Correct Answer: A

• Question 168:

  You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?

  A. Achieving customer satisfaction is an assumption and should be documented in the project scope.

  B. Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.

  C. Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.

  D. Achieving customer satisfaction should always map to the quality requirements for the project.

  Correct Answer: B

• Question 169:

  You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events. Which one of the following is NOT a document that will help you identify and communicate risks within the project?

  A. Risk register

  B. Activity cost estimates

  C. Stakeholder register

  D. Activity duration estimates

  Correct Answer: A

• Question 170:

  Mark works as a project manager of the NNH project. In this project, he has created a contingency response that the cost performance index should be less than 0.91. The NHH project has a budget at completion of $950,000 and is 43 percent complete - though the project should be 50 percent complete. The project has spent $470,897 to reach the 43 percent complete milestone. What is the project's cost performance index?

  A. 0.95

  B. 0.80

  C. 0.87

  D. 0.91

  Correct Answer: C