PMI PMI Certifications PMI-RMP Questions & Answers

• Question 411:

  Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is calculated during quantitative risk analysis. He is worried about the risk exposure which is too low for the events surrounding his project requirements. How is the risk exposure calculated?

  A. The risk exposure of a risk event is determined by historical information.

  B. The probability of a risk event times the impact of a risk event determines the true risk exposure.

  C. The probability of a risk event plus the impact of a risk event determines the true risk exposure.

  D. The probability and impact of a risk event are gauged based on research and in-depth analysis.

  Correct Answer: B

• Question 412:

  Which risk response is acceptable for both positive and negative risk events?

  A. Transferring

  B. Acceptance

  C. Sharing

  D. Enhancing

  Correct Answer: B

• Question 413:

  Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

  A. Transference

  B. Mitigation

  C. Exploit

  D. Enhance

  Correct Answer: D

• Question 414:

  Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines?

  A. New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.

  B. Risk responses protect the time and investment of the project.

  C. Risk responses may take time and money to implement.

  D. Baselines should not be updated, but refined through versions.

  Correct Answer: A

• Question 415:

  Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

  A. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis

  B. Determine the risk root cause rather than the person identifying the risk events

  C. Establish risk boundaries

  D. Establish definitions of the level of probability and impact of risk event

  Correct Answer: D

• Question 416:

  You are project manager for ABD project. You, with your team, are working on the following activities:

  1.

  Probabilistic analysis of a project.

  2.

  Probability of achieving cost and time objectives.

  3.

  Trends in Qualitative Risk Analysis results.

  On which of the following processes are you working on?

  A. Plan Risk Management

  B. Perform Quantitative Risk Analysis

  C. Perform Qualitative Risk Analysis

  D. Identify Risks

  Correct Answer: B

• Question 417:

  You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

  

  A. $142,000

  B. $41,750

  C. $23,750

  D. $232,000

  Correct Answer: C

• Question 418:

  Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?

  A. Acceptance

  B. Enhance

  C. Exploiting

  D. Sharing

  Correct Answer: A

• Question 419:

  You are a risk auditor for your company. You are reviewing the contract types a project manager has used in her project. Of the following, which contract type has the most risk for the project manager as a buyer?

  A. Cost plus percentage of costs

  B. Time and material

  C. Cost plus incentive fee

  D. Fixed-price, incentive fee

  Correct Answer: A

• Question 420:

  Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?

  A. Monte Carlo Technique

  B. Qualitative risk analysis process

  C. Quantitative risk analysis process

  D. Delphi Technique

  Correct Answer: C