[2022] Practice with these PMI-RMP dumps Certification Sample Questions
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NEW QUESTION 87
During what process should a project manager assign a risk owner?
- A. Plan Risk Management
- B. Identify Risks
- C. Monitor Risks
- D. Plan Risk Responses
Answer: A
NEW QUESTION 88
You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In which of the following processes are you on?
- A. Plan Risk Management
- B. Define Scope
- C. Identify Risks
- D. Plan Risk Responses
Answer: C
Explanation:
Explanation
NEW QUESTION 89
You are the project manager for Genpact Inc. You have established quarterly risk management meetings.
Which of the following is not a component of a risk management meeting?
- A. Assessing the overall status of risks in the project
- B. Review of risk responses
- C. Assessment or risk
- D. The availability of the individual
Answer: D
NEW QUESTION 90
Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?
- A. Opportunistic
- B. Enhancing
- C. Exploiting
- D. Positive
Answer: C
NEW QUESTION 91
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 provides direction on how costs may be changed due to identified risks.
- B. The project's cost management plan can help you to determine what the total cost of the project is allowed to be.
- C. The project's cost management plan is not an input to the quantitative risk analysis process.
- D. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.
Answer: D
NEW QUESTION 92
You are the project manager of the NHJ project for your company. This project has a budget at completion of $1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be. What is the estimate at completion?
- A. $663,333
- B. $1,650,000
- C. -$8,333
- D. $1,666,667
Answer: D
NEW QUESTION 93
You are the project manager of the NHH Project for your company and you have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Now, you would like to assign risk owners to the events. Which risk events should have risk response owners?
- A. Each agreed-to and funded risk response should have a risk response owner
- B. Only the risk events that are considered a negative risk event with a high risk rating
- C. Only the risks with a high risk rating
- D. Each risk that has a risk response should have a risk response owner
Answer: A
NEW QUESTION 94
Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."
- A. Project charter
- B. Risk management plan
- C. Quality management plan
- D. Risk register
Answer: D
NEW QUESTION 95
You work as a project manager for BlueWell Inc. Your project is running late and you must respond to the risk.
Which risk response can you choose that will also cause you to update the human resource management plan?
- A. Crashing the project
- B. Fast tracking the project
- C. Teaming agreements
- D. Transference
Answer: A
NEW QUESTION 96
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=EV/AC
- C. SV=EV/PV
- D. SV=PV-EV
Answer: A
NEW QUESTION 97
Jeff works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following are the inputs to the identify risks process that Jeff will use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
- A. Activity cost estimates
- B. Scope baseline
- C. Risk register
- D. Risk management plan
Answer: A,B,D
NEW QUESTION 98
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. Enhancing
- B. Accepting
- C. Exploiting
- D. Avoidance
Answer: C
NEW QUESTION 99
You work as a project manager for TechSoft Inc. You are preparing to plan risk responses for your project with your project team. How many risk responses are available for a positive risk event in the project?
- A. Three
- B. Seven
- C. One
- D. Four
Answer: D
NEW QUESTION 100
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?
- A. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
- B. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
- C. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
- D. All risks are recorded in the risk management plan.
Answer: B
Explanation:
Explanation/Reference:
NEW QUESTION 101
Which one of the following is the only output for the qualitative risk analysis process?
- A. Enterprise environmental factors
- B. Project management plan
- C. Organizational process assets
- D. Risk register updates
Answer: D
NEW QUESTION 102
What is the best source of project information which could result in the reduction of risk?
- A. Review organizational process assets, lessons learned from previous projects similar in nature.
- B. Make observations/conversations on the current projects.
- C. Determine the risks by using brainstorming techniques.
- D. Sensitivity analysis.
Answer: A
NEW QUESTION 103
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?
- A. Cost management plan
- B. Risk management plan
- C. Risk register
- D. Enterprise environmental factors
Answer: D
NEW QUESTION 104
You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?
- A. Stakeholder classification of their role in the project
- B. Stakeholder management strategy
- C. Assessment information of the stakeholders' major requirements, expectations, and potential influence
- D. Identification information for each stakeholder
Answer: B
NEW QUESTION 105
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