PMI-RMP practice questions 81–90

1. Question 81 · 204 in bank

   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?

   • ACross train others to reduce the SME workload.
   • BIntroduce scope reductions to limit the reliance on SMEs.
   • CReplace the SME with resources, who are responsible for receiving output from the SME on their deliverables.
   • DExtend the project schedule timeline to accommodate availability of the SME.

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   Answer: A

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2. Question 82 · 204 in bank

   A risk manager is managing risks of a mission critical application. A subject matter expert (SME) asks the risk manager to treat every single risk identified as an extremely high priority. What should the risk manager do?

   • AAgree with the SME, treat every risk with equal priority, and inform all stakeholders.
   • BPerform a sensitivity analysis and determine the correct priority of every identified risk.
   • CMark every identified risk as an extremely high priority and any future risks as a lower priority.
   • DAsk the project sponsor if every risk in the risk register can have the same priority.

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   Answer: B

   Explanation

   I would recommend option B: Perform a sensitivity analysis and determine the correct priority of every identified risk. It is important for the risk manager to assess the likelihood and impact of each identified risk in order to prioritize them effectively. Treating every risk as an extremely high priority may not be practical or necessary, and could lead to resource constraints and potential delays in the project. By performing a sensitivity analysis, the risk manager can evaluate the risks and determine which ones need the most attention and resources based on their potential impact on the project. This will allow the risk manager to effectively allocate resources and prioritize risks in a way that is both realistic and effective in mitigating potential risks to the project.

   Source: Adapted from community discussion — IBANGA007

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3. Question 83 · 204 in bank

   An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified candidate in their domain. What should the risk management team leader do in the early stages of the project?

   • APlan a solid risk response plan and secure the necessary funding.
   • BConduct a qualitative risk analysis to prioritize potential risks.
   • CEducate stakeholders on best practices to perform risk management.
   • DBenchmark to an organization which has executed a similar project.

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   Answer: C

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4. Question 84 · 204 in bank

   What are the critical success factors for the Plan Risk Management process?

   • AMitigate all risks, engage stakeholders, and follow organizational policies.
   • BIdentify and address barriers, engage stakeholders, and follow organizational policies.
   • CContingency reserves engage stakeholders and follow organizational policies.
   • DIdentify and address barriers, engage stakeholders, and follow government regulations.

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   Answer: B

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5. Question 85 · 204 in bank

   As per the risk analysis process carried out for a project, two risks are registered. The probability risk A will occur is 40% and its monetary impact to the project is US$100,000. The probability risk B will occur is 60% and its monetary impact to the project is US$20,000. What is the total contingency budget that should be created?

   • AUS$120,000
   • BUS$80,000
   • CUS$52,000
   • DUS$68,000

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   Answer: C

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6. Question 86 · 204 in bank

   What items should be included in a complex project's risk management plan?

   • ARisk management methodology, scope statement, and thresholds and corresponding definitions
   • BRisk management methodology, risk management organization, and thresholds and corresponding definitions
   • CRisk management organization, templates, and milestone plan
   • DRisk management organization, risk communication plan, and milestone plan

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   Answer: B

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7. Question 87 · 204 in bank

   A project manager wants to work on understanding the project risks. The project manager works with the integrated project team to develop the risk handling strategies for the identified risks. How should the project manager work with these risk handling strategies?

   • AReview and revise the strategies periodically.
   • BImplement the strategies immediately.
   • CImplement the strategies after completing the risk analysis.
   • DEnsure the strategies are approved by the stakeholders.

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   Answer: A

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8. Question 88 · 204 in bank

   Which analysis method has a lower standard deviation?

   • AEuropean Hypercube
   • BMonte Carlo simulation
   • CHecht analysis
   • DLatin Hypercube

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   Answer: D

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9. Question 89 · 204 in bank

   The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG). Construction of the previous project had to be shut down unexpectedly to wait for the late delivery of the GTG. What should the project manager do first?

   • AInterview the other project manager to learn more details.
   • BReview and update the project schedule.
   • CInclude the risk in the register and communicate with the stakeholders.
   • DCommunicate with the client to provide the previous shutdown plan.

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   Answer: C

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10. Question 90 · 204 in bank

    Select 2

    A risk manager is confident that they have identified and quantified the risks and opportunities for a project. When presenting their work to management, on what areas should the risk manager focus? (Choose two.)

    • ARisks as they apply to the organization’s overall risk management philosophy and strategic ambition.
    • BHuge opportunities that possibly bring an additional 30% return for 10 projects in the next year.
    • CRisks that are tied to the success of the organization.
    • DRisk mitigation actions that will require work from stakeholders.
    • ERisks related to cost that will impact the major projects that are currently in the execution phase.

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    Answer: AC

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PMI-RMP practice, question 81. 204 questions available.