Latest [Oct 11, 2023] PMI PMI-RMP Exam Practice Test To Gain Brilliante Result
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NEW QUESTION # 50
Thomas is a key stakeholder in your project. Thomas has requested several changes to the project scope for the project you are managing. Upon review of the proposed changes, you have discovered that these new requirements are laden with risks and you recommend to the change control board that the changes be excluded from the project scope. The change control board agrees with you. What component of the change control system communicates the approval or denial of a proposed change request?
- A. Integrated change control
- B. Change log
- C. Configuration management system
- D. Scope change control system
Answer: A
NEW QUESTION # 51
The risk manager is prioritizing risks based on the potential impact to cost and schedule and identifies the following 4 risks:
Risk 1 has a US$500,000 potential cost increase, and a 60 day potential schedule slippage, with a 25% probability of occurring Risk 2 has a US$200,000 potential cost increase, and a 20 day potential schedule slippage, with a 60% probability of occurring Risk 3 has a US$1,200,000 potential cost increase, and a 90 day potential schedule slippage, with a 10% probability of occurring Risk 4 has @ US$600,000 potential cost increase, and a 70 day potential schedule slippage, with a 20% probability of occurring Using expected monetary value calculation, which risk has the greatest potential impact to cost and schedule?
- A. Risk 2
- B. Risk 3
- C. Risk 1
- D. Risk 4
Answer: C
NEW QUESTION # 52
You are the project manager of the NHH project for your company. You have completed the first round of risk management planning and have created four outputs of the risk response planning process. Which one of the following is NOT an output of the risk response planning?
- A. Organizational process assets updates
- B. Risk-related contract decisions
- C. Risk register updates
- D. Project document updates
Answer: A
NEW QUESTION # 53
Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?
- A. It is a study of the organization's risk tolerance.
- B. It is a warning sign that a risk event is going to happen.
- C. It helps to identify those risks for which specific responses are needed.
- D. It is a limit of the funds that can be assigned to risk events.
Answer: A
NEW QUESTION # 54
You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
- A. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
- B. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
- C. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
- D. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Answer: C
NEW QUESTION # 55
There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling?
- A. Work Performance Information
- B. Risk register
- C. Change requests
- D. Project management plan
Answer: C
NEW QUESTION # 56
The project team recorded a risk in the risk register indicating that weather-related delays may impact equipment delivery during project execution. When it is time to request the equipment shipment there is bad weather, but the client wants the equipment delivered anyway.
What should the project manager do?
- A. Wait until the weather improves before sending the equipment.
- B. Ask the project sponsor to approve shipping the equipment.
- C. Request the shipment of the equipment to satisfy the client.
- D. Proceed with the planned risk response to move the equipment.
Answer: D
Explanation:
Explanation
The project manager should proceed with the planned risk response to move the equipment (C) since the risk of weather-related delays was already identified and recorded in the risk register. This approach ensures that the project team is prepared to handle the situation andcan mitigate the impact of the risk. This is consistent with the PMI's PMBOK Guide, Sixth Edition.
NEW QUESTION # 57
The risk manager is currently performing the monitoring and reporting process. Which of the following is an input for schedule metrics?
- A. Critical path method
- B. Work breakdown structure
- C. Risk breakdown structure
- D. Organizational breakdown structure
Answer: C
NEW QUESTION # 58
The project risk manager is in the process of identifying risks. The project sponsor has communicated that there is an influential stakeholder who has a senior management position. The other stakeholders do not feel comfortable speaking in front of this stakeholder.
What should the project risk manager do next to identify risks?
- A. Use expert judgment to remove ego or emotional conflict.
- B. Consider the Delphi technique to gather all stakeholder opinions.
- C. Use the brainstorming technique to remove personal bias.
- D. Review the risk breakdown structure to ensure project scope is covered.
Answer: B
Explanation:
Explanation
The Delphi technique allows the project risk manager to gather opinions from all stakeholdersanonymously.
This method would enable stakeholders to express their concerns without feeling uncomfortable in front of the influential stakeholder.
NEW QUESTION # 59
Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?
- A. Risk low-level watch list
- B. Risk register
- C. Project charter
- D. Project scope statement
Answer: B
NEW QUESTION # 60
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?
- A. The risk exposure of the event is $350,000.
- B. The risk exposure of the event is $500,000.
- C. The risk exposure of the event is $850,000.
- D. The risk exposure of the event is $245,000.
Answer: D
NEW QUESTION # 61
The project manager receives an updated project schedule from a sub team detailing the deliverables, dates, and durations for a critical milestone on the development and testing for offshore activities. This report is received one hour before a meeting with the chief executive officer (CEO) to present an updated master schedule of the critical path. The CEO has been promised a discussion on the project schedule several times.
However, based on the recent update from the off-shore team, the project manager realizes this new schedule is not realistic. There are new risks associated with it and it is not well thought out. Some key stakeholders want to present this revised plan to the CEO. This meeting has been postponed twice already.
Which action should the project manager take before meeting with the CEO?
- A. Present the revised master schedule to the CEO with the caveat that its being updated as new information is received, and these are the current dates at this point.
- B. Request the meeting be re-scheduled before presenting the master schedule to the CEO, stating that new major risks were identified and need to be assessed thoroughly.
- C. Talk to the stakeholders before the meeting to discuss the options and ask their opinion.
- D. Present the revised schedule to the CEO and only answer questions about validity, if asked.
Answer: C
NEW QUESTION # 62
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. Quality assurance programs within the company
- B. Schedule constraints on the project
- C. Limited team members to complete the project work
- D. Work permit requirements
Answer: A
NEW QUESTION # 63
Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?
- A. Avoidance
- B. Contractual
- C. Transference
- D. Mitigation
Answer: C
NEW QUESTION # 64
Which one of the following is the only output for the qualitative risk analysis process?
- A. Risk register updates
- B. Enterprise environmental factors
- C. Project management plan
- D. Organizational process assets
Answer: A
NEW QUESTION # 65
Mary is a project manager in her organization. On her current project she is working with her project team and other key stakeholders to identify the risks within the project. She is currently aiming to create a comprehensive list of project risks so she is using a facilitator to help generate ideas about project risks. What risk identification method is Mary likely using?
- A. Expert judgment
- B. Brainstorming
- C. Delphi Techniques
- D. Checklist analysis
Answer: B
NEW QUESTION # 66
Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?
- A. Four
- B. Three
- C. Seven
- D. Acceptance is the only risk response for positive risk events.
Answer: A
NEW QUESTION # 67
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