Vendor Name: PMI
Exam code: PMI-RMP
Exam Name: PMI Risk Management Professional
Click the link below to get full version
http://www.certifyguide.com/exam/PMI-RMP/
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Question: 1
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Lisa is the project manager of the SQL project for her
company. She has completed the risk response planning with her project team and
is now ready to update the risk register to reflect the risk response. Which of
the following statements best describes the level of detail Lisa should include
with the risk responses she has created?
A. The level of detail is set by historical information.
B. The level of detail should correspond with the
priority ranking.
C. The level of detail must define exactly the risk
response for each identified risk.
D. The level of detail is set of project risk governance.
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Answer: B
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Question: 2
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Jenny is the project manager for the NBT projects. She is
working with the project team and several subject matter experts to perform the
quantitative risk analysis process. During this process she and the project
team uncover several risks events that were not previously identified. What
should Jenny do with these risk events?
A. The events should be entered into qualitative risk
analysis.
B. The events should be determined if they need to be
accepted or responded to.
C. The events should be entered into the risk register.
D. The events should continue on with quantitative risk
analysis.
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Answer: C
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Question: 3
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You work as the project manager for Bluewell Inc. Your
project has several risks that will affect several stakeholder requirements.
Which project management plan will define who will be available to share
information on the project risks?
A. Risk Management Plan
B. Stakeholder management strategy
C. Resource Management Plan
D. Communications Management Plan
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Answer: D
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Question: 4
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You work as a project manager for BlueWell Inc. Your
project is using a new material to construct a large warehouse in your city.
This new material is cheaper than traditional building materials, but it takes
some time to learn how to use the material properly. You have communicated to
the project stakeholders that you will be able to save costs by using the new
material, but you will need a few extra weeks to complete training to use the
materials. This risk response of learning how to use the new materials can also
be known as what term?
A. Team development
B. Benchmarking
C. Cost of conformance to quality
D. Cost-benefits analysis
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Answer: C
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Question: 5
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Jenny is the project manager of the NHJ Project for her
company. She has identified several positive risk events within the project and
she thinks these events can save the project time and money. You, a new team
member wants to know that how many risk responses are available for a positive
risk event. What will Jenny reply to you?
A. Four
B. Three
C. Seven
D. Acceptance is the only risk response for positive risk
events.
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Answer: A
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Question: 6
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You are working with Anna on your project to determine
and map the probability distributions of risk within the project. You have
indicated that you will use the uniform distribution method for a portion of
the project. Which part of your project is most likely to have a uniform risk
distribution?
A. Late completion stages of a project
B. Project phases that deal with "cutover"
technologies
C. Early concept stage of design
D. Project initiating
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Answer: C
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Question: 7
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You are the project manager of the GYH project for your
organization. Management has asked you to begin identifying risks and to use an
information gathering technique. Which one of the following risk identification
approaches is an information gathering technique?
A. Root cause analysis
B. Assumptions analysis
C. SWOT analysis
D. Documentation reviews
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Answer: A
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Question: 8
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Sammy is the project manager for her organization. She
would like to rate each risk based on its probability and affect on time, cost,
and scope. Harry, a project team member, has never done this before and thinks
Sammy is wrong to attempt this approach. Harry says that an accumulative risk score
should be created, not three separate risk scores. Who is correct in this
scenario?
A. Harry is correct, because the risk probability and
impact considers all objectives of the project.
B. Harry is correct, the risk probability and impact
matrix is the only approach to risk assessment.
C. Sammy is correct, because organizations can create
risk scores for each objective of the project.
D. Sammy is correct, because she is the project manager.
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Answer: C
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Question: 9
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Your organization has named you the project manager of
the JKN Project. This project has a BAC of $1,500,000 and it is expected to
last 18 months. Management has agreed that if the schedule baseline has a
variance of more than five percent then you will need to crash the project.
What happens when the project manager crashes a project?
A. Project risks will increase.
B. The project will take longer to complete, but risks
will diminish.
C. Project costs will increase.
D. The amount of hours a resource can be used will
diminish.
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Answer: C
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Question: 10
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Kelly is the project manager of the BHH project for her
organization. She is completing the risk identification process for this
portion of her project. Which one of the following is the only thing that the
risk identification process will create for Kelly?
A. Risk register
B. Risk register updates
C. Change requests
D. Project document updates
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Answer: A
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Question: 11
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You are the project manager of the NHQ Project for your
company. You have completed qualitative and quantitative analysis of your
identified project risks and you would now like to find an approach to increase
project opportunities and to reduce threats within the project. What project
management process would best help you?
A. Monitor and control project risks
B. Create a risk governance approach
C. Create the project risk register
D. Plan risk responses
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Answer: D
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Question: 12
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Virginia is the project manager for her organization. She
has hired a subject matter expert to interview the project stakeholders on
certain identified risks within the project. The subject matter expert will
assess the risk event with what specific goal in mind?
A. To determine the level of probability and impact for
each risk event
B. To determine the bias of the risk event based on each
person interviewed
C. To determine the probability and cost of the risk
event
D. To determine the validity of each risk event
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Answer: A
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Question: 13
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You are preparing to start the qualitative risk analysis
process for your project. You will be relying on some organizational process
assets to influence the process. Which one of the following is NOT a probable
reason for relying on organizational process assets as an input for qualitative
risk analysis?
A. Studies of similar projects by risk specialists
B. Risk databases that may be available from industry sources
C. Review of vendor contracts to examine risks in past
projects
D. Information on prior, similar projects
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Answer: C
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Question: 14
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You work as a project manager for BlueWell Inc. You want
to create a visual diagram, which can depict the resources that will be used
within the project. Which of the following diagrams will you create to
accomplish the task?
A. Roles and responsibility matrix
B. Work breakdown structure
C. Resource breakdown structure
D. RACI chart
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Answer: C
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Question: 15
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Examine the figure given below.
What will be the expected monetary value of Risk C?
A. -$113,750
B. $175,000 if the risk event actually happens
C. -$175,000
D. -$27,000
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Answer: D
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