PMI PMI Certifications PMI-RMP Questions & Answers

• Question 251:

  Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

  A. Avoidance

  B. Exploit

  C. Transference

  D. Mitigation

  Correct Answer: D

• Question 252:

  You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk management meeting?

  A. Assessing the overall status of risks in the project

  B. Review of risk responses

  C. Assessment or risk

  D. The availability of the individual

  Correct Answer: D

• Question 253:

  You are the project manager of the GHY project for your organization. You are about to start the qualitative risk analysis process for the project and you need to determine the roles and responsibilities for conducting risk management. Where can you find this information?

  A. Enterprise environmental factors

  B. Risk register

  C. Risk management plan

  D. Staffing management plan

  Correct Answer: C

• Question 254:

  Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.

  

  If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

  A. $35,000

  B. $41,700

  C. $14,000

  D. $6,700

  Correct Answer: D

• Question 255:

  Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom's concern, however, is that the priority list of these risk events are sorted in "high-risk," "moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risks. What will be Neil's reply to Tom?

  A. Risks may be listed by the additional analysis and response

  B. Risk may be listed by the responses in the near-term

  C. Risks may be listed by priority separately for schedule, cost, and performance

  D. Risks may be listed by categories

  Correct Answer: C

• Question 256:

  Which of the following processes involves choosing the alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project management plan?

  A. Monitor and Control risk

  B. Configuration Management

  C. Integrated Change control

  D. Scope Change control

  Correct Answer: A

• Question 257:

  Melody is the project manager for her organization. She has created a risk response to conduct more tests on the software her project is creating. The identified risk that prompted this response was that the software is mission-critical and must be flawless before it can be put into product. What type of a risk response has Melody used in this scenario?

  A. Mitigation

  B. Enhance

  C. Transference

  D. Avoidance

  Correct Answer: A

• Question 258:

  Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save $75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

  A. Share

  B. Mitigation

  C. Exploit

  D. Enhance

  Correct Answer: C

• Question 259:

  You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?

  A. These risks should be accepted.

  B. These risks should be placed on a watchlist for future monitoring.

  C. These risks should be identified, but dismissed.

  D. These risks should be placed in the risk register.

  Correct Answer: B

• Question 260:

  Gary has identified a project risk that could injure project team members. He does not want to accept any risk where someone could become injured on this project so he hires a professional vendor to complete this portion of the project work. This workaround to the risk event is known as what type of risk response?

  A. Acceptance

  B. Transference

  C. Mitigation

  D. Avoidance

  Correct Answer: B