PMI PMI Certifications PMI-RMP Questions & Answers

• Question 181:

  You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

  A. Crashing can be a type of the enhancing risk response.

  B. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.

  C. Crashing can be a type of the exploit risk response.

  D. Crashing is the addition of labor, not a risk response.

  Correct Answer: A

• Question 182:

  You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review of each identified risk event?

  A. A risk probability-impact matrix

  B. Quantitative risk analysis

  C. Seven risk responses

  D. Qualitative risk analysis

  Correct Answer: D

• Question 183:

  You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?

  A. Quantitative risk analysis

  B. Risk audits

  C. Requested changes

  D. Qualitative risk analysis

  Correct Answer: C

• Question 184:

  You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose relevancy to the project has passed. What should you do with these events that have not happened and would not happen now in the project?

  A. Add the risks to the risk register

  B. Add the risks to a low-priority watchlist

  C. Close the outdated risks

  D. Add the risk to the issues log

  Correct Answer: C

• Question 185:

  Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?

  A. Preventive action

  B. Corrective action

  C. Scope creep

  D. Defect repair

  Correct Answer: A

• Question 186:

  Harry works as a project manager for the NHQ Project. He is performing quantitative risk analysis for his project. One of the project risks has a 40 percent probability of happening, and it will cost the project $65,000 if the risk happens. What is the expected monetary value of this risk event?

  A. Negative $26,000

  B. Negative $67,000

  C. Zero - the risk event has not yet occurred

  D. $27,000

  Correct Answer: A

• Question 187:

  Which of the following processes must be repeated after Plan Risk Responses, as well as part of the Monitor and Control Risks, to determine if the overall project risk has been satisfactorily decreased?

  A. Risk Limitation

  B. Perform Qualitative Risk Analysis

  C. Identify Risk

  D. Perform Quantitative Risk Analysis

  Correct Answer: D

• Question 188:

  You work as a project manager for TechSoft Inc. You are working with the project stakeholders on the qualitative risk analysis process in your project. You have used all the tools to the qualitative risk analysis process in your project. Which of the following techniques is NOT used as a tool in qualitative risk analysis process?

  A. Risk Urgency Assessment

  B. Risk Categorization

  C. Risk Reassessment

  D. Risk Data Quality Assessment

  Correct Answer: C

• Question 189:

  Which positive risk response best describes a teaming agreement?

  A. Share

  B. Exploit

  C. Enhance

  D. Venture

  Correct Answer: A

• Question 190:

  You work as a project manager for BlueWell Inc. You would like to utilize sensitivity analysis in your project, but the management does not understand how this will be displayed. What type of chart is usually used with sensitivity analysis to show the relative affect of risks on the project?

  A. Ishikawa chart

  B. Force field analysis chart

  C. GERT Chart

  D. Tornado diagram

  Correct Answer: D