PMI PMI Certifications PMI-RMP Questions & Answers

• Question 341:

  Mary is the project manager of the HGH Project for her company. She and her project team have agreed that if the vendor is late by more than ten days they will cancel the order and hire the NBG Company to fulfill the order. The NBG Company can guarantee orders within three days, but the costs of their products are significantly more expensive than the current vendor. What type of a response strategy is this?

  A. Internal risk management strategy

  B. Contingent response strategy

  C. External risk response

  D. Expert judgment

  Correct Answer: B

• Question 342:

  You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

  A. Because of work that was omitted during the WBS creation

  B. Because of new work generated by the risk responses

  C. Because of risk responses that are now activities

  D. Because of risks associated with work packages

  Correct Answer: B

• Question 343:

  You are the project manager of a large project that will last four years. In this project, you would like to model the risk based on its distribution, impact, and other factors. There are three modeling techniques that a project manager can use to include both event-oriented and project-oriented analysis. Which modeling technique does NOT provide event-oriented and project-oriented analysis for identified risks?

  A. Sensitivity analysis

  B. Jo-Hari Window

  C. Expected monetary value

  D. Modeling and simulation

  Correct Answer: B

• Question 344:

  Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?

  A. Active acceptance

  B. Passive acceptance

  C. Avoidance

  D. Mitigation

  Correct Answer: B

• Question 345:

  When does the Identify Risks process take place in a project?

  A. At the Planning stage.

  B. Throughout the project life-cycle.

  C. At the Initiating stage.

  D. At the Executing stage.

  Correct Answer: B

• Question 346:

  You are the project manager of the GHQ project for your company. You are working with your project team to prepare for the qualitative risk analysis process. Mary, a project team member, does not understand why you need to complete qualitative risks analysis. You explain to Mary that qualitative risks analysis helps you determine which risks needs additional analysis. There are also some other benefits that qualitative risks analysis can do for the project. Which one of the following is NOT an accomplishment of the qualitative risk analysis process?

  A. Corresponding impact on project objectives

  B. Time frame for a risk response

  C. Prioritization of identified risk events based on probability and impact

  D. Cost of the risk impact if the risk event occurs

  Correct Answer: D

• Question 347:

  Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?

  A. Risk response

  B. Risk event

  C. Risk trigger

  D. Risk identification

  Correct Answer: C

• Question 348:

  Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?

  A. Sharing

  B. Transference

  C. Enhance

  D. Exploit

  Correct Answer: C

• Question 349:

  You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their emails for maintaining anonymity. You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?

  A. Delphi

  B. Expert judgment

  C. SWOT analysis

  D. Brainstorming

  Correct Answer: A

• Question 350:

  You are the project manager of the GGG project. You have completed the risk identification process for the initial phases of your project. As you begin to document the risk events in the risk register what additional information can you associate with the identified risk events?

  A. Risk potential responses

  B. Risk schedule

  C. Risk owner

  D. Risk cost

  Correct Answer: A