PMI PMI Certifications PMI-RMP Questions & Answers

• Question 191:

  Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?

  A. Risks in the project should be addressed by their probability for creating risk responses.

  B. Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.

  C. Risks in the project should be addressed by their impact for creating risk responses.

  D. Risks in the project should be addressed by their priority for creating risk responses.

  Correct Answer: D

• Question 192:

  Ned is the project manager of the HNN project for your company. Ned has asked you to help him complete some probability distributions for his project. What portion of the project will you most likely use for probability distributions?

  A. Bias towards risk in new resources

  B. Risk probability and impact matrixes

  C. Risk identification

  D. Uncertainty in values such as duration of schedule activities

  Correct Answer: D

• Question 193:

  You are the project manager of a large, high-profile project in your organization. You have realized that politics within your company may affect the true identification of risk events within the project. You decide that you'd like to use a method to identify risk events through an anonymous process. Which one of the following risk events will allow you to collect and distribute risk information without the stakeholders knowing what other stakeholders are communicating about the project risk events?

  A. Surveys

  B. Monte Carlo Technique

  C. Checklist analysis

  D. Delphi Technique

  Correct Answer: D

• Question 194:

  You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at completion of $945,000 and is 45 percent complete though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

  A. -$37,800

  B. 0.93

  C. 0.92

  D. 1.06

  Correct Answer: B

• Question 195:

  David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?

  A. It is a cost-effective means of establishing probability and impact for the project risks.

  B. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.

  C. All risks must pass through quantitative risk analysis before qualitative risk analysis.

  D. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.

  Correct Answer: D

• Question 196:

  You work as a project manager for BlueWell Inc. Your project is running late and you must respond to the risk. Which risk response can you choose that will also cause you to update the human resource management plan?

  A. Teaming agreements

  B. Transference

  C. Crashing the project

  D. Fast tracking the project

  Correct Answer: C

• Question 197:

  The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.

  A. Quantitative Risk Analysis

  B. Risk Monitoring and Control

  C. Potential Risk Monitoring

  D. Risk Management Planning

  Correct Answer: ABD

• Question 198:

  Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

  A. It helps the project team realize the areas of the project most laden with risks.

  B. It saves time by collecting the related resources, such as project team members, to analyze the risk events.

  C. It can lead to developing effective risk responses.

  D. It can lead to the creation of risk categories unique to each project.

  Correct Answer: C

• Question 199:

  In what portion of a project are risk and opportunities greatest and require intense planning and anticipation of risk events?

  A. Closing

  B. Planning

  C. Initiating

  D. Executing

  Correct Answer: C

• Question 200:

  Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?

  A. Quantitative analysis

  B. Qualitative analysis

  C. Risk distribution

  D. Monte Carlo Analysis

  Correct Answer: D