PMI-RMP practice questions 11–20

1. Question 11 · 204 in bank

   Which of the following represents the best description of the role of project manager for project risk management?

   • ADetermining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management, assessing the impact of proposed scope changes
   • BDetermining the acceptable levels of risk for the project in consultation with stakeholders, approving the project management plan, participating in all aspects of the project risk management process
   • CApproving the risk management plan, participating in all aspects of the project risk management process, auditing the risk management processes in the project
   • DDetermining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management plan, participating in all aspects of the project risk management process

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   Answer: D

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2. Question 12 · 204 in bank

   A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for the risk?

   • AContingency
   • BManagement
   • CBudget
   • DResidual

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   Answer: A

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3. Question 13 · 204 in bank

   For the last several months, a project manager for a global technology program is focused on improving the project outsourcing process and analyzing the vendor supply chain as key pieces of the cost containment strategy. Early in the project, these two areas were identified as key risks to the final delivery of the project. Since that initial risk identification, the risk manager works to identify additional risks, as well as analyze the potential impact to the project cost baseline. After performing a cost-risk sensitivity analysis, the risk manager produces this chart.

   

   Based on this analysis, which two risk areas should the project manager focus on to control project cost?

   • AVendor supply chain disruption and final system test
   • BVendor supply chain disruption and software design changes
   • COutsourcing negotiations and vendor supply chain disruption
   • DLabor rate increases and management reviews

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   Answer: A

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4. Question 14 · 204 in bank

   A risk manager is assigned to a short-term telecommunications upgrade project. This project is not technically complex, but has rigorous implementation timelines, and very little cost reserve available to address potential problems. The project manager indicates that completing the project on time is critical, but should not be done at the expense of performance. Which aspect of risk impact is most important when designing the risk impact scale?

   • ATechnical performance
   • BCost
   • CTechnical requirements
   • DSchedule

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   Answer: A

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5. Question 15 · 204 in bank

   A risk manager works with the project team, senior management team, subject matter experts and other stakeholders to identify the project risks. Which of the following tools/methods from the risk management plan can be used to identify a risk, which is based on project objectives by category?

   • AAffinity diagram
   • BRisk breakdown structure
   • CDecision tree method
   • DWork breakdown structure

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   Answer: B

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6. Question 16 · 204 in bank

   As a result of the Control Risk process, the project manager updates the project risk documents using outcomes from which of the following?

   • ARisk reserve analysis and risk thresholds
   • BRisk response strategies and risk analysis
   • CRisk reviews and risk register analysis
   • DRisk assessments and risk audits

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   Answer: D

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7. Question 17 · 204 in bank

   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 a 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?

   • ARisk 1
   • BRisk 2
   • CRisk 3
   • DRisk 4

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   Answer: A

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8. Question 18 · 204 in bank

   The expected monetary value of a project is above USS1 million. The risk manager is concerned about this situation, and decides to review the related plans and processes to evaluate the degree of variation from the baseline. Next, the risk manager needs to document the results of such an analysis. What is the best document for the project manager to reference to find out where the results of such an analysis should be documented?

   • ACommunications management plan
   • BIssues log
   • CRisk management plan
   • DLessons learned

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   Answer: C

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9. Question 19 · 204 in bank

   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?

   • AMonte Carlo analysis
   • BFishbone diagram
   • CLatin Hypercube analysis
   • DData tables

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   Answer: D

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10. Question 20 · 204 in bank

    A newly assigned project manager is reviewing the project documents with stakeholders to identify opportunities that will fast track the project and realize the financial benefits of early completion. What document should be updated at the end of the review?

    • ARisk register
    • BRisk response plan
    • CRisk management plan
    • DRisk identification plan

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    Answer: A

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PMI-RMP practice, question 11. 204 questions available.