PMI-RMP practice questions 111–120

1. Question 111 · 204 in bank

   A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives. Why should the risk management professional use this approach?

   • ATo enable the team in identifying the specific causes of risks associated with project objectives.
   • BTo ensure that project priorities are being appropriately factored into risk response plans.
   • CTo assign risks and risk severities to functional discipline and departments effectively.
   • DTo determine where more attentive project leadership and organizational involvement is needed.

   Show answer

   Answer: B

   Next question

2. Question 112 · 204 in bank

   After starting a new pipeline project, a risk manager schedules an initial meeting with the project sponsor. For the meeting, the project sponsor requests a presentation of the risks that have the most impact on achieving the project objectives. What should the risk manager do to facilitate the sponsor’s ask?

   • AQuantitative risk analysis
   • BSensitivity analysis
   • CQualitative risk analysis
   • DMonte Carlo analysis

   Show answer

   Answer: C

   Next question

3. Question 113 · 204 in bank

   A project manager wants to introduce a new technology to improve a project’s performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects. What should the project manager do in this situation?

   • ATake advantage of this opportunity of improving the project performance.
   • BOutsource the implementation of the new technology as soon as possible.
   • CAccept the fact that there is a risk associated with this new technology.
   • DEscalate this initiative to project decision makers and sponsors.

   Show answer

   Answer: D

   Next question

4. Question 114 · 204 in bank

   A two-year project with a budget of US$2 million has completed about 60% of the work at the end of the first year. The actual cost incurred to complete the remaining 40% of work is about US$1.5 million. As a part of performing a specialized risk analysis, the calculated schedule performance index (SPI) is 1.2 and cost performance index (CPI) is 0.53. How should the risk manager interpret such a low CPI value?

   • AThe cost control processes are not effective.
   • BThere is a problem with the cost baseline.
   • CThe actual reported costs are not accurate.
   • DThe cost related risks are not effectively managed.

   Show answer

   Answer: A

   Next question

5. Question 115 · 204 in bank

   A risk is identified early in the project. After six months, it is determined that the risk does not apply to this particular project. How should the risk be handled by the risk manager?

   • AIgnore the risk and concentrate only on the pertinent risks.
   • BRemove the risk from the risk register and inform the project manager that it is no longer valid.
   • CClose the risk during the next risk board meeting and keep it in the risk register.
   • DConduct a risk analysis to determine how an inappropriate risk was formally accepted.

   Show answer

   Answer: C

   Explanation

   1. Standard has it that you don't delete any risk from the register . Also the best answer is to escalate the risk to the appropriate project it may affect. The risk was identified, assessed, and evaluated at the initial instance There may be reasons why the risk does not apply: maybe the scope has been completed or removed but no matter the reason, the risk is closed and still maintained in the register. You can audit a risk register to determine appropriateness. D is used when referring to issues and problems. Like when a risk occurs that was not identified or the actual impact of a risk is greater than the assessed impact or the response did not accurately mitigate or avoid the risk usually where the frequency is very high on the project If a single risk that was not identified occurs, we use work around but where many of them are occurring, we carry out investigations

   Source: Adapted from community discussion — yandasatria

   Next question

6. Question 116 · 204 in bank

   The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk. What should the team perform in this scenario?

   • AQuantitative risk analysis
   • BRisk urgency assessment
   • CMonitor and control risks
   • DRisk response planning

   Show answer

   Answer: A

   Explanation

   The best answer would be A, quantitative risk analysis. Quantitative risk analysis is a technique that is used to quantify the likelihood and impact of identified risks, as well as to determine the overall level of exposure for each risk. It involves using statistical and mathematical methods to estimate the likelihood and impact of each risk, as well as to calculate the expected value of each risk. This can be helpful in determining the maximum level of exposure for each risk, as well as in identifying the minimum acceptable level of exposure and impact. By performing a quantitative risk analysis, the project team can better understand the potential risks and uncertainties that are facing the project, and can identify the most effective strategies for managing those risks. This can help to ensure that the project is able to effectively mitigate or reduce the impact of identified risks, while also maximizing value and minimizing risk.

   Source: Adapted from community discussion — IBANGA007

   Next question

7. Question 117 · 204 in bank

   While planning for project execution phase stakeholders are making decisions on how to respond to known and new risks. What artifact should the stakeholders prepare?

   • AAssumption log
   • BRisk-adjusted back log
   • CIssue log
   • DChange log

   Show answer

   Answer: B

   Next question

8. Question 118 · 204 in bank

   The risk manager also serves as a facilitator for a project and realizes the project team members have biases impacting how they perceive risks. What analysis is currently being used?

   • AQualitative risk analysis
   • BForce field analysis
   • CStakeholder analysis
   • DQuantitative risk analysis

   Show answer

   Answer: A

   Next question

9. Question 119 · 204 in bank

   A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment. What should the risk manager do?

   • AReview the feature with the project team.
   • BAsk the architect to develop acceptance criteria.
   • CEscalate the issue to the project board.
   • DConfirm the risk triggers are still valid.

   Show answer

   Answer: A

   Next question

10. Question 120 · 204 in bank

    During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk. What should the risk manager do first?

    • AUpdate the new risk in the risk register.
    • BPlan responses for the new risk.
    • CPassively accept the new risk.
    • DAdd the new risk to the watch list.

    Show answer

    Answer: A

    Next question

Keyboard:J Kmove between questionsA–Dselect an answerRshow or hide the answer← →change page

PMI-RMP practice, question 111. 204 questions available.