PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 131:

  Joyce is the project manager for her company. Joyce and her project team are working through the quantitative analysis for certain risk events within her project. According to the enterprise environmental factors the project manager is to perform sensitivity analysis on any risk with an impact greater than $5,000 in the project. What is the sensitivity analysis?

  A. It determines which risk events have the most potential impact on the project.
  B. It uses round of anonymous surveys to predict which events are most likely to happen.
  C. It uses rounds of anonymous surveys to predict probability and impact.
  D. It determines possible combinations of risk events to predict overall project success, failure, or probability of achieving project objectives.
  A. It determines which risk events have the most potential impact on the project.

• Question 132:

  Frank is a project team member in your project. Frank has been adding changes to the software interface for the software that your project is creating. Because Frank has been adding these features new risks have entered into the project. You elect that these additions should be removed from the project even if it takes extra time and money to remove the features. What are these riskladen features called?

  A. Gold plating
  B. Scope creep
  C. Negative risks
  D. Corrective actions
  B. Scope creep

• Question 133:

  FILL BLANK Fill in the blank with an appropriate phrase. ________is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.

  Sensitivity analysis

• Question 134:

  A project team has completed plan risk response activities and has identified three critical risk response plans to major risk events. The responses have been monitored and implemented, with one of the responses presenting the two secondary risks.

  What should the risk manager do next?

  A. Assess the risk register to ensure the secondary risks are realistic.
  B. Assess the impact of residual and secondary risks on project objectives.
  C. Assess the change log to establish that changes were implemented.
  D. Assess the stakeholder register to determine the impact of initial risks.
  B. Assess the impact of residual and secondary risks on project objectives.

• Question 135:

  When monitoring the execution quality of risk-related plans and processes, which of the following would be a useful metric to track and record?

  A. The number of risks in the project register
  B. The degree of variation from the baseline
  C. The number of levels in the risk breakdown structure
  D. The degree of variation from the risk response strategy
  D. The degree of variation from the risk response strategy

• Question 136:

  Which of the following processes must be repeated after Plan Risk Responses, as well as part of the Monitor and Control Risks, to determine if the overall project risk has been satisfactorily decreased?

  A. Risk Limitation
  B. Perform Qualitative Risk Analysis
  C. Identify Risk
  D. Perform Quantitative Risk Analysis
  D. Perform Quantitative Risk Analysis

• Question 137:

  A project has a S0S4 chance of a US$100 000 profit and a 40% chance of a US$100,000 loss. What is the expected monetary value for this project?

  A. US$20.000 loss
  B. US$20,000 profit
  C. US$40,000 loss
  D. US$100,000 profit
  B. US$20,000 profit

• Question 138:

  A risk manager schedules a project overview meeting with the project sponsor to provide an update on risk management progress. Each functional lead is identifying the most critical information to be presented at an executive level. The information must balance communicating essential information with actions and recommendations.

  What risk information should be communicated to the project sponsor?

  A. Significant risks and issues and their planned responses
  B. Risk matrix showing the distribution of high, medium, and low risks
  C. Results of the last project risk brainstorming session
  D. Summary feedback from the previous risk audit
  A. Significant risks and issues and their planned responses

• Question 139:

  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
  D. Communications Management Plan

• Question 140:

  You are the project manager of the HQQ Project for your company. You are working with your project stakeholders to discuss the risks in the project that can adversely affect the project objectives. You are discussing the possibilities of causes for an identified risk event in your project. Your stakeholder is confused on the difference between causes and risk events. Which of the following is NOT an example of a cause for a project risk?

  A. Limited team members to complete the project work
  B. Quality assurance programs within the company
  C. Work permit requirements
  D. Schedule constraints on the project
  B. Quality assurance programs within the company