File Info
| Exam | PMI Risk Management Professional |
| Number | PMI-RMP |
| File Name | PMI.PMI-RMP.Prep4Sure.2018-10-24.160q.vcex |
| Size | 225 KB |
| Posted | Oct 24, 2018 |
| Download | PMI.PMI-RMP.Prep4Sure.2018-10-24.160q.vcex |
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Demo Questions
Question 1
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 2
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
Explanation:
Question 3
What risk identification technique allows participants to identify the project risks and to remain anonymous?
- Influence diagrams
- Assumptions analysis
- Surveys
- Delphi technique
Correct answer: D
Question 4
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?
- $1,650,000
- $1,666,667
- $663,333
- -$8,333
Correct answer: B
Question 5
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?
- Monte Carlo Technique
- Qualitative risk analysis process
- Quantitative risk analysis process
- Delphi Technique
Correct answer: C
Question 6
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?
- Cost plus percentage of costs
- Time and material
- Cost plus incentive fee
- Fixed-price, incentive fee
Correct answer: A
Question 7
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?
- Acceptance
- Enhance
- Exploiting
- Sharing
Correct answer: A
Question 8
Which risk response is acceptable for both positive and negative risk events?
- Transferring
- Acceptance
- Sharing
- Enhancing
Correct answer: B
Question 9
Which one of the following is the only output for the qualitative risk analysis process?
- Enterprise environmental factors
- Project management plan
- Risk register updates
- Organizational process assets
Correct answer: C
Explanation:
Question 10
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?
- The risk exposure of a risk event is determined by historical information.
- The probability of a risk event times the impact of a risk event determines the true risk exposure.
- The probability of a risk event plus the impact of a risk event determines the true risk exposure.
- The probability and impact of a risk event are gauged based on research and in-depth analysis.
Correct answer: B
