PMI PMI Certifications PMI-RMP Questions & Answers

• Question 351:

  Gary is the project manager of his organization. He is managing a project that is similar to a project his organization completed recently. Gary has decided that he will use the information from the past project to help him and the project team to identify the risks that may be present in the project. Management agrees that this checklist approach is ideal and will save time in the project. Which of the following statement is most accurate about the limitations of the checklist analysis approach for Gary?

  A. The checklist analysis approach is fast but it is impossible to build and exhaustive checklist.

  B. The checklist analysis approach saves time, but can cost more.

  C. The checklist analysis approach only uses qualitative analysis.

  D. The checklist is also known as top down risk assessment.

  Correct Answer: A

• Question 352:

  You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

  A. Pareto modeling

  B. Expected Monetary Value

  C. Analogous modeling

  D. Monte Carlo Technique

  Correct Answer: D

• Question 353:

  You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?

  A. The CPI is -$68,960 and the SPI is $63,255.

  B. The CPI is .88 and the SPI is zero.

  C. The CPI is .88 and the SPI is 1.14.

  D. The CPI is 1.14 and the SPI is .88.

  Correct Answer: C

• Question 354:

  You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?

  A. Assessment information of the stakeholders' major requirements, expectations, and potential influence

  B. Stakeholder classification of their role in the project

  C. Identification information for each stakeholder

  D. Stakeholder management strategy

  Correct Answer: D

• Question 355:

  There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

  A. Acceptance

  B. Sharing

  C. Transference

  D. Mitigation

  Correct Answer: A

• Question 356:

  You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis. You now need to update the risk register with your findings so that you can communicate the risk results to the project stakeholders - including management. You will need to update all of the following information except for which one?

  A. Probabilistic analysis of the project

  B. Probability of achieving cost and time objectives

  C. Risk distributions within the project schedule

  D. Trends in quantitative risk analysis

  Correct Answer: C

• Question 357:

  You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

  A. Acceptance

  B. Avoidance

  C. Mitigation

  D. Transference

  Correct Answer: D

• Question 358:

  Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?

  A. Enhancing

  B. Opportunistic

  C. Positive

  D. Exploiting

  Correct Answer: D

• Question 359:

  John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

  A. Activity duration estimates

  B. Schedule management plan

  C. Risk management plan

  D. Activity cost estimates

  Correct Answer: A

• Question 360:

  Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. When the project manager begins the plan risk response process, what two inputs will she need?

  A. Risk register and the risk response plan

  B. Risk register and power to assign risk responses

  C. Risk register and the risk management plan

  D. Risk register and the results of risk analysis

  Correct Answer: C