PMI PMI Certifications PMI-RMP Questions & Answers

• Question 391:

  Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project. She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

  A. This is the risk mitigation response.

  B. This is the avoidance risk response.

  C. This is the transference risk response.

  D. This is a scope change and not a risk response.

  Correct Answer: B

• Question 392:

  Tom 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, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

  A. Activity cost estimates

  B. Cost management plan

  C. Activity duration estimates

  D. Risk management plan

  Correct Answer: A

• Question 393:

  During which of the following processes, probability and impact matrix is prepared?

  A. Perform Qualitative Risk Analysis

  B. Monitoring and Control Risks

  C. Plan Risk Responses

  D. Perform Quantitative Risk Analysis

  Correct Answer: A

• Question 394:

  Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project schedule variance is greater than $10,000 the contingency plan will be implemented. What is the formula for the schedule variance?

  A. SV=EV/PV

  B. SV=PV-EV

  C. SV=EV/AC

  D. SV=EV-PV

  Correct Answer: D

• Question 395:

  Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?

  A. Corrective action

  B. Risk audit

  C. Technical performance measurement

  D. Earned value management

  Correct Answer: A

• Question 396:

  Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?

  A. Mitigation

  B. Transference

  C. Acceptance

  D. Avoidance

  Correct Answer: D

• Question 397:

  There are seven risk responses for any project. Which one of the following is a valid risk response for a negative risk event?

  A. Enhance

  B. Exploit

  C. Acceptance

  D. Share

  Correct Answer: C

• Question 398:

  You are the program manager for your organization. Management is considering a new program but they are worried about the program risks that may affect the program success. You know that there are three positive risks responses and three negative risk responses that each risk can have. Management asks you which risk response would be most appropriate for a large risk event if they wanted to hire a third-party to own the risk event for the program. What risk event is most appropriate?

  A. Avoidance

  B. Sharing

  C. Transference

  D. Mitigation

  Correct Answer: C

• Question 399:

  Which of the following statements describe the purpose of an Issue Log? Each correct answer represents a complete solution. Choose all that apply.

  A. It analyzes the impact that the issue is having on the project.

  B. It tracks the actions taken to resolve the issue.

  C. It tracks the outcome of the actions taken.

  D. It addresses the risks that could affect the project.

  Correct Answer: ABC

• Question 400:

  Fred is the project manager of the CPS project. He is working with his project team to prioritize the identified risks within the CPS project. He and the team are prioritizing risks for further analysis or action by assessing and combining the risks probability of occurrence and impact. What process is Fred completing?

  A. Risk identification

  B. Perform qualitative analysis

  C. Perform quantitative analysis

  D. Risk Breakdown Structure creation

  Correct Answer: B