PMI PMI Certifications PMI-RMP Questions & Answers

• Question 371:

  Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

  A. Project risk assessment officer

  B. Project management office

  C. Project sponsor

  D. Project manager

  Correct Answer: D

• Question 372:

  You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When should the risk categories have been created?

  A. Create work breakdown structure process

  B. Plan risk management process

  C. Risk identification process

  D. Define scope process

  Correct Answer: B

• Question 373:

  You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?

  A. Some responses are designed for use only if certain events occur.

  B. Some responses have a cost and a time factor to consider for each risk event.

  C. Some responses must counteract pending risk events.

  D. Quantified risks should always have contingency responses.

  Correct Answer: A

• Question 374:

  You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?

  A. Cause-and-effect diagrams

  B. Project network diagrams

  C. Delphi Technique

  D. Decision tree analysis

  Correct Answer: D

• Question 375:

  You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?

  A. All risks must have a valid, documented risk response.

  B. These risks can be accepted.

  C. These risks can be added to a low priority risk watch list.

  D. These risks can be dismissed.

  Correct Answer: C

• Question 376:

  You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process?

  A. The project's cost management plan can help you to determine what the total cost of the project is allowed to be.

  B. The project's cost management plan provides direction on how costs may be changed due to identified risks.

  C. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.

  D. The project's cost management plan is not an input to the quantitative risk analysis process.

  Correct Answer: C

• Question 377:

  Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?

  A. Enhance

  B. Transference

  C. Share

  D. Acceptance

  Correct Answer: D

• Question 378:

  You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?

  A. Risk mitigation

  B. Risk avoidance

  C. Risk acceptance

  D. Risk transference

  Correct Answer: B

• Question 379:

  You are the project manager for BlueWell Inc. Your current project is a high priority and high profile project within your organization. You want to identify the project stakeholders that will have the most power in relation to their interest on your project. This will help you plan for project risks, stakeholder management, and ongoing communication with the key stakeholders in your project. In this process of stakeholder analysis, what type of a grid or model should you create based on these conditions?

  A. Stakeholder power/interest grid

  B. Influence/impact grid

  C. Salience model

  D. Stakeholder register

  Correct Answer: A

• Question 380:

  Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO, a stakeholder in the project, has introduced a scope change request for additional deliverables as part of the project work. What component of the change control system would review the proposed changes' impact on the features and functions of the project's product?

  A. Scope change control system

  B. Cost change control system

  C. Configuration management system

  D. Integrated change control

  Correct Answer: C