PMI PMI Certifications PMI-RMP Questions & Answers

• Question 221:

  While creating the appropriate risk strategy, the project manager discovers that the project team lacks the necessary expertise to define the risk management plan. What additional resources should be utilized?

  A. Consultants, organizational process assets, subject matter experts, and stakeholder tolerance analysis

  B. Consultants, industry group, and subject matter experts

  C. Consultants, professional and technical associations, subject matter experts, and industry groups

  D. Consultants, professional and technical associations, and subject matter experts

  Correct Answer: A

• Question 222:

  A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for the risk?

  A. Contingency

  B. Management

  C. Budget

  D. Residual

  Correct Answer: A

• Question 223:

  What are critical success factors for the Plan Risk Responses process?

  A. Collect high-quality information about risks, address threats and opportunities, address interaction of risks and responses, and specify timing of responses

  B. Define roles and responsibilities, address threats and opportunities, address interaction of risks and responses, and specify timing of responses

  C. Define roles and responsibilities, address threats and opportunities, categorize risk causes, and addresses interaction of risks and responses

  D. Identify appropriate project model, define roles and responsibilities, address threats and opportunities, and addresses interaction of risks and responses

  Correct Answer: B

• Question 224:

  

  A regional vendor for custom manufactured steel oil derricks is awarded a contract to design, manufacture, and install 40 offshore oil platforms. Installation of these derricks requires precision placement and stable seas for the transport and installation ships to properly install the deep water structure. It takes 65 days to transport the deep water structures for each platform from the manufacturing facility to the installation site at a cost of US$155,000 per day. The monsoon season runs from May to September each year and is a known risk for placement of the oil platforms. There is an incentive clause in the contract that will provide a USS1,500,000 payment, if all 40 platforms are in place and ready for use by 5 January 2016.

  What is the probability of receiving this incentive?

  A. 35.0%

  B. 42.9%

  C. 44.5%

  D. 47.5%

  Correct Answer: D

• Question 225:

  To properly ensure risk information is incorporated into the overall project management framework, risk data must be provided to the schedule analysts and cost estimators on a periodic basis. How frequently should this be performed?

  A. As defined in the risk plan

  B. At least once per month

  C. At the end of the financial quarter

  D. As defined in the company standards

  Correct Answer: A

• Question 226:

  What best describes the job of a risk owner?

  A. Responsible and accountable for managing risks

  B. Creating a detailed description of a risk

  C. Responsible and accountable for the risk management plan

  D. Actively involved in the identification of new risks

  Correct Answer: B

• Question 227:

  Upon returning from vacation, the risk manager observes during the project status meeting that several activities being accomplished were not in the original plan. What should the risk manager do first?

  A. Meet with the project team.

  B. Inform management of out-of-scope work.

  C. Review activities for new risks.

  D. Review the change control log.

  Correct Answer: D

• Question 228:

  

  Contingency Reserve Total: US$213,000

  Due to a mitigation strategy, Risk 4's probability has been reduced to 40%. What would be the new contingency reserve total?

  A. US$92,400

  B. US$145,800

  C. US$157,000

  D. Unable to calculate a total due to lack of pertinent information.

  Correct Answer: C

• Question 229:

  The risk manager examines the enterprise environmental factors to gain an understanding of the stakeholders' risk appetite. However, risk appetites are not determined.

  What is the best method a risk manager should use to initially define the stakeholders' risk appetite?

  A. Review risk response strategies

  B. Conduct SWOT analysis.

  C. What-if scenario.

  D. Meetings and interviews with key stakeholders.

  Correct Answer: D

• Question 230:

  During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?

  A. Classify the risk impacts based on their severity.

  B. List workaround solutions.

  C. Identify the risk owners.

  D. Determine the root causes.

  Correct Answer: D