PMI PMI Certification PMI-RMP Questions & Answers

• Question 31:

  Who is ultimately responsible for monitoring a risk that is about to exceed its risk threshold?

  A. Any project stakeholder

  B. Project management office

  C. Senior manager

  D. Risk action owner

  Correct Answer: D

• Question 32:

  

  The project values are in thousands. The project manager has a budget of US$8,000,000 for this project and asks how much more would be needed to add to the contingency reserve for a P40?

  A. US$247,500

  B. US$495,000

  C. US$644,000

  D. US$764,000

  Correct Answer: B

• Question 33:

  PESTLE, TECOP, and SPECTRUM are three examples of prompt lists that can be used during risk management activities. Prompt lists are used to do which of the following?

  A. Simulate risk identification.

  B. Perform a simulation with all prompted risks varying simultaneously.

  C. Identity basic causes of risks of more fundamental forces.

  D. Achieve the relative weighting of the risks.

  Correct Answer: A

• Question 34:

  Critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. How could the situation be improved for the future?

  A. Cross train others to reduce the SME workload.

  B. Introduce scope reductions to limit the reliance on SMEs.

  C. Replace the SME with resources, who are responsible for receiving output from the SME on their deliverables.

  D. Extend the project schedule timeline to accommodate availability of the SME.

  Correct Answer: B

• Question 35:

  When using the risk register to manage the cost risk analysis, which of the following models the way correlation arises, and avoids the need to estimate the correlation coefficients?

  A. Risk Monte Carlo analysis

  B. Risk driver method

  C. Risk scatter diagram

  D. Risk RACI matrix

  Correct Answer: B

• Question 36:

  The project manager generates a monthly risk report for key stakeholders which documents high and medium risk items only. Where would the project manager find the list of recipients for the report?

  A. Communications management plan

  B. Risk management plan

  C. Risk register

  D. Project charter

  Correct Answer: A

• Question 37:

  The risk manager and the project team conduct a risk brainstorming session for a new project. The risk manager wants to involve the entire project team in a group risk prioritization exercise for the identified risks. The project manager refuses the involvement of the entire project team due to resource concerns.

  What should the risk manager do?

  A. Convince the project manager of the importance of the whole project team's involvement in the full risk process.

  B. Continue to involve the project team in the risk prioritization process and then discuss lessons learned with the project manager.

  C. Follow the project manager's instruction, as the project manager is the responsible party.

  D. Inform the sponsor about the project manager's decision and the disagreement between parties.

  Correct Answer: A

• Question 38:

  A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

  A. The functional manager is responsible for providing the training.

  B. Provide project specific risk training and mentor through the risk process.

  C. Send the new team member the risk management plan to read.

  D. Provide the new team member with a copy of the risk register and latest status report.

  Correct Answer: B

• Question 39:

  The project manager requests a method to analyze risk data in a simple format. Which of the following formats should the risk manager suggest for preliminary review of the data?

  A. Monte Carlo analysis

  B. Fishbone diagram

  C. Latin Hypercube analysis

  D. Data tables

  Correct Answer: B

• Question 40:

  A formal analysis is completed on a major change to a research and development (RandD) program at a risk-averse corporation. This analysis includes a detailed review of the risk exposure and monetary funds required to take appropriate actions as needed. The risks included cost, labor, materials, communication, IT, and facilities. Within the entire project portfolio, management only has US$995,000 for RandD projects. All inclusive, detailed breakout of budget analysis is as follows:

  

  What should he risk manager propose to the review board as a recommendation based on the information above?

  A. Start the project with the current funding available.

  B. Hire all staff off-shore to manage the project at lower rates.

  C. Put the project on hold and reconsider it later at an agreed-upon date.

  D. Request additional funding before starting the project execution phase.

  Correct Answer: D