PMI PMI Certifications PMI-RMP Questions & Answers

• Question 171:

  You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?

  A. IRGC addresses questions such as the understanding of the secondary impacts of a risk.

  B. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.

  C. IRGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks.

  D. IRGC is both a concept and a tool.

  Correct Answer: B

• Question 172:

  Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

  A. It is a risk event that is generated due to errors or omission in the project work.

  B. It is a risk event that is created by a risk response.

  C. It is a risk event that only has a negative side, such as loss of life or limb.

  D. It is a risk event that cannot be avoided because of the order of the work.

  Correct Answer: C

• Question 173:

  Consider the risk probability-impact matrix in the figure given below:

  

  If Risk B happens in this project, how much will be left in the contingency reserve?

  A. $193,500 B. -$334,500

  C. It depends on the total budget of the project.

  D. $148,300

  Correct Answer: A

• Question 174:

  Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?

  A. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.

  B. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.

  C. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.

  D. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.

  Correct Answer: B

• Question 175:

  Mary is a project manager in her organization. On her current project she is working with her project team and other key stakeholders to identify the risks within the project. She is currently aiming to create a comprehensive list of project risks so she is using a facilitator to help generate ideas about project risks. What risk identification method is Mary likely using?

  A. Brainstorming

  B. Delphi Techniques

  C. Checklist analysis

  D. Expert judgment

  Correct Answer: A

• Question 176:

  Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?

  A. It helps to identify those risks for which specific responses are needed.

  B. It is a limit of the funds that can be assigned to risk events.

  C. It is a warning sign that a risk event is going to happen.

  D. It is a study of the organization's risk tolerance.

  Correct Answer: D

• Question 177:

  You are the project manager for the ABC organization. Your current project has 75 internal stakeholders and 245 external stakeholders. Many of the risks within your project will only affect the internal stakeholders, but several of the identified risk events will affect the external stakeholders. Management would like to know the total number of communication channels in the project. How many communication channels exist in this project?

  A. 245

  B. 51,040

  C. 102,080

  D. 320

  Correct Answer: B

• Question 178:

  Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?

  A. The project scope statement must be understood to see the project requirements and the inherent risks of the project.

  B. The project scope statement will reveal the type of project as either a recurrent or first-of-its-kind project.

  C. The project scope identifies the risks associated with project constraints.

  D. The project scope statement must be reviewed to understand the quality requirements and the risks associated with the demand for quality.

  Correct Answer: B

• Question 179:

  You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?

  A. Avoidance

  B. Exploiting

  C. Transference

  D. Sharing

  Correct Answer: C

• Question 180:

  You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

  A. Evaluate and document the bias towards the risk events

  B. Evaluate the bias through SWOT for true analysis of the risk events

  C. Document the bias for the risk events and communicate the bias with management

  D. Evaluate the bias towards the risk events and correct the assessment accordingly

  Correct Answer: D