Free Download PMI-RMP Examp Dump: PMI.PMI-RMP.PracticeTest.2018-08-08.152q.vcex

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Exam	PMI Risk Management Professional
Number	PMI-RMP
File Name	PMI.PMI-RMP.PracticeTest.2018-08-08.152q.vcex
Size	331 KB
Posted	Aug 08, 2018
Download	PMI.PMI-RMP.PracticeTest.2018-08-08.152q.vcex

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Demo Questions

Question 1

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?

Studies of similar projects by risk specialists
Risk databases that may be available from industry sources
Review of vendor contracts to examine risks in past projects
Information on prior, similar projects

Correct answer: C

Question 2

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?

Roles and responsibility matrix
Work breakdown structure
Resource breakdown structure
RACI chart

Correct answer: C

Question 3

Examine the figure given below.

What will be the expected monetary value of Risk C?

-$113,750
$175,000 if the risk event actually happens
-$175,000
-$27,000

Correct answer: D

Question 4

John is the project manager of the NHQ Project for his company. His project has 75 stakeholders, some of which are external to the organization. John needs to make certain that he communicates about risk in the most appropriate method for the external stakeholders.

Which project management plan will be the best guide for John to communicate to the external stakeholders?

Risk Response Plan
Risk Management Plan
Communications Management Plan
Project Management Plan

Correct answer: C

Question 5

You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?

The risk exposure of the event is $245,000.
The risk exposure of the event is $500,000.
The risk exposure of the event is $350,000.
The risk exposure of the event is $850,000.

Correct answer: A

Question 6

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

Probabilistic analysis of a project.
Probability of achieving cost and time objectives.
Trends in Qualitative Risk Analysis results.

On which of the following processes are you working on?

Plan Risk Management
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Identify Risks

Correct answer: B

Question 7

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?

Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
Determine the risk root cause rather than the person identifying the risk events
Establish risk boundaries
Establish definitions of the level of probability and impact of risk event

Correct answer: D

Question 8

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?

New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.
Risk responses protect the time and investment of the project.
Risk responses may take time and money to implement.
Baselines should not be updated, but refined through versions.

Correct answer: A

Question 9

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?