PMI-RMP Practice Questions| TestInsights

Question 1

Rob is the project manager of the IDLK Project for his company. This project has a budget of $5,600,000 and is expected to last 18 months. Rob has learned that a new law may affect how the project is allowed to proceed - even though the organization has already invested over $750,000 in the project. What risk response is the most appropriate for this instance?

AAcceptance

BTransference

CMitigation

DEnhance

Correct : A

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AAcceptance

BTransference

CMitigation

DEnhance

Question 2

There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?

ARisk register

BRisk management plan

CCost management plan

DEnterprise environmental factors

Correct : D

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ARisk register

BRisk management plan

CCost management plan

DEnterprise environmental factors

Question 3

Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don were to perform a risk audit, who would carry the risk in this scenario?

ADon would because he is the project manager.

BJerry would because of the contract type.

CDon would because of the contract type.

DJerry would because he is the hired contractor.

Correct : C

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ADon would because he is the project manager.

BJerry would because of the contract type.

CDon would because of the contract type.

DJerry would because he is the hired contractor.

Question 4

You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?

AQualitative risk analysis does not happen through the project manager in a functional structure.

BYou will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.

CYou will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.

DYou will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

Correct : B

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AQualitative risk analysis does not happen through the project manager in a functional structure.

BYou will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.

CYou will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.

DYou will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

Question 5

Todd is the project manager of the EST project for his company. His organization has established certain rules in the enterprise environmental factors which affect the approach that Todd takes in managing his project. One of the rules requires Todd to consider the risk attitude of the stakeholders participating in risk analysis. Why must risk attitude be considered as a part of risk analysis?

ARisk attitude can affect the measurement of probability and impact.

BRisk attitude can establish a stakeholder's influence over project decisions.

CRisk attitude identifies stakeholders that are hygiene seekers or motivation seekers.

DRisk attitude establishes stakeholders as positive or negative stakeholders.

Correct : A

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ARisk attitude can affect the measurement of probability and impact.

BRisk attitude can establish a stakeholder's influence over project decisions.

CRisk attitude identifies stakeholders that are hygiene seekers or motivation seekers.

DRisk attitude establishes stakeholders as positive or negative stakeholders.

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