PMI PMI Certifications PMI-RMP Questions & Answers

• Question 361:

  You are the project manager for TTP project. You are in the Identify Risks process. You have to create the risk register. Which of the following are included in the risk register? Each correct answer represents a complete solution. Choose two.

  A. List of mitigation techniques

  B. List of key stakeholders

  C. List of identified risks

  D. List of potential responses

  Correct Answer: CD

• Question 362:

  You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution in comparison to the vendor's solution?

  A. Approximately 8 months

  B. Approximately 15 months

  C. Approximately 13 months

  D. Approximately 11 months

  Correct Answer: D

• Question 363:

  Frank is a project team member in your project. Frank has been adding changes to the software interface for the software that your project is creating. Because Frank has been adding these features new risks have entered into the project. You elect that these additions should be removed from the project even if it takes extra time and money to remove the features. What are these riskladen features called?

  A. Gold plating

  B. Scope creep

  C. Negative risks

  D. Corrective actions

  Correct Answer: B

• Question 364:

  Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?

  A. The funds remain in the contingency reserve until all of the risks have passed.

  B. The funds for the risks that have passed and have not happened are transferred to the project budget.

  C. The funds for the risks that have passed and have not happened are released.

  D. The funds remain in the contingency reserve until the project is closed.

  Correct Answer: C

• Question 365:

  Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?

  A. Avoidance

  B. Exploiting

  C. Accepting

  D. Enhancing

  Correct Answer: B

• Question 366:

  Which of the following diagrams displays sensitivity analysis data?

  A. Fishbone

  B. Influence

  C. Tornado

  D. Cause and effect

  Correct Answer: C

• Question 367:

  Rachel is the project manager of the KJH Project for her company. She needs a method to create a quick and simple approach to risk identification to communicate the project risk with the stakeholders. Which one of the following approaches to risk identification should Rachel choose to provide a quick and simple listing of the project risks?

  A. Delphi Technique

  B. Checklist analysis

  C. Assumptions analysis

  D. Brainstorming

  Correct Answer: B

• Question 368:

  Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

  A. Bob is correct. Bob is familiar with the technology and the risk event so his response should be implemented.

  B. Bob is correct. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.

  C. Nancy is correct. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.

  D. Nancy is correct. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk responses. In addition, she has noted the risk response that Bob recommends.

  Correct Answer: B

• Question 369:

  The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several pieces of information including all of the following except for which one?

  A. Trends in qualitative risk analysis

  B. Risk probability-impact matrix

  C. Watchlist of low-priority risks

  D. Risks grouped by categories

  Correct Answer: B

• Question 370:

  You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:

  

  If Risk D happens in this project, how much will be left in the contingency reserve?

  A. $440,000

  B. $233,500

  C. $258,500

  D. $243,500

  Correct Answer: B