PMI PMI Certifications PMI-RMP Questions & Answers

• Question 321:

  You are the project manager of the NKQ project for your organization. You have completed the quantitative risk analysis process for this portion of the project. What is the only output of the quantitative risk analysis process?

  A. Probability of reaching project objectives

  B. Risk register updates

  C. Risk response

  D. Risk contingency reserve

  Correct Answer: B

• Question 322:

  The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?

  A. Use of insurance

  B. Warranties

  C. Life cycle costing

  D. Performance bonds

  Correct Answer: C

• Question 323:

  Mark works as a project manager for TechSoft Inc. Mark, the project team, and the key project stakeholders have completed a round of qualitative risk analysis. He needs to update the risk register with his findings so that he can communicate the risk results to the project stakeholders ?including management. Mark will need to update all of the following information except for which one?

  A. Prioritized list of quantified risks

  B. Watchlist of low-priority risks

  C. Trends in qualitative risk analysis

  D. Risks grouped by categories

  Correct Answer: A

• Question 324:

  David is the project manager of the NKL Project for his organization. He has been asked to create a proposal for a construction project for a client. David realizes that there are several requirements within the SOW and RFP provided by the client that would eliminate his company from bidding on the construction project. David proposed to management that his organization create a partnership with a competitor so that together they could bid on the construction project and qualify for the customer's requirements. What risk response is David proposing to management?

  A. Exploiting

  B. Teaming agreement

  C. Transference

  D. Sharing

  Correct Answer: D

• Question 325:

  Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?

  A. Project risk management is scheduled for every month in the 18-month project.

  B. Project risk management has been concluded with the project planning.

  C. At every status meeting the project team project risk management is an agenda item.

  D. Project risk management happens at every milestone.

  Correct Answer: C

• Question 326:

  You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

  A. Stakeholder management strategy

  B. Risk management plan

  C. Risk register

  D. Lessons learned documentation

  Correct Answer: C

• Question 327:

  Which of the following risk responses delineates that the project plan will not be changed to deal with the risk?

  A. Exploitation

  B. Transference

  C. Acceptance

  D. Mitigation

  Correct Answer: C

• Question 328:

  You are the project manager of the NGH project for your organization. You want to create a causeand- effect diagram to help discover the root causes of the risks within the project. Harold, the CIO, recommends that you create an Ishikawa diagram instead. What is an Ishikawa diagram?

  A. It is a graphical representation of situations showing causal influences.

  B. It is the same thing as a root cause diagram.

  C. It shows how various elements of a system interrelate.

  D. It diagrams the risks according to the work breakdown structure including resources.

  Correct Answer: B

• Question 329:

  You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

  A. Expert judgment

  B. Data gathering and representation techniques

  C. Organizational process assets

  D. Quantitative risk analysis and modeling techniques

  Correct Answer: C

• Question 330:

  You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?

  A. Qualitative risk analysis

  B. Quantitative risk analysis

  C. Risk identification

  D. Risk response implementation

  Correct Answer: B