Prepare Efficiently with Latest PMI-RMP Exam Study Materials

Question #1

Which one of the following is the only output for the qualitative risk analysis process?

A. nterprise environmental factors

B. roject management plan

C. isk register updates

D. rganizational process assets

View answer

Correct Answer: C

Question #2

Mark works as a project manager of the NNH project. In this project, he has created a contingency response that the cost performance index should be less than 0.91. The NHH project has a budget at completion of $950,000 and is 43 percent complete - though the project should be 50 percent complete. The project has spent $470,897 to reach the 43 percent complete milestone. What is the project's cost performance index?

A.

B.

C.

D.

View answer

Correct Answer: C

Question #3

You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

A. stablish the definitions of the levels of probability and impact

B. rovide iterations of risk analysis for true reflection of a risk probability and impact

C. solate the stakeholders by project phases to determine their risk bias

D. nvolve all stakeholders to vote on the probability and impact of the risk events

View answer

Correct Answer: A

Question #4

You are project manager for ABD project. You, with your team, are working on the following activities:-Probabilistic analysis of a project.-Probability of achieving cost and time objectives.-Trends in Qualitative Risk Analysis results.On which of the following processes are you working on?

A. lan Risk Management

B. erform Quantitative Risk Analysis

C. erform Qualitative Risk Analysis

D. dentify Risks

View answer

Correct Answer: B

Question #5

Amy is the project manager for her company. In her current project the organization has a very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule. What approach can Amy take to create a bias against risks that will affect the schedule of the project?

A. he can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule

B. he can filter all risks based on their affect on schedule versus other project objectives

C. he can have the project team pad their time estimates to alleviate delays in the project schedule

D. he can shift risk-laden activities that affect the project schedule from the critical path as much as possible

View answer

Correct Answer: A

Question #6

You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?

A. t is a risk that can not be addressed by a risk response

B. t is a risk that will remain no matter what type of risk response is offered

C. t is a risk that remains because no risk response is taken

D. t is a risk that remains after planned risk responses are taken

View answer

Correct Answer: D

Question #7

Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?

A. nhancing

B. xploiting

C. itigation

D. ransference

View answer

Correct Answer: C

Question #8

You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

A. mpact

B. isk owner

C. ost

D. isk category

View answer

Correct Answer: A

Question #9

Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

A. voidance

B. xploit

C. ransference

D. itigation

View answer

Correct Answer: D

Question #10

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. imited team members to complete the project work

B. uality assurance programs within the company

C. ork permit requirements

D. chedule constraints on the project

View answer

Correct Answer: B

Question #11

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

A. roup stakeholders according to positive and negative stakeholders and then complete the risk analysis

B. etermine the risk root cause rather than the person identifying the risk events

C. stablish risk boundaries

D. stablish definitions of the level of probability and impact of risk event

View answer

Correct Answer: D

Question #12

You work as a project manager for BlueWell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decided, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project which of the following are likely to increase?

A. osts

B. uality control concerns

C. uman resource needs

D. isks

View answer

Correct Answer: D

Question #13

You are the project manager of the NHH project for your company. You and the project team have completed the quantitative risk analysis for your project. During this process you create a contingency reserve based on the risk probability-impact matrix as seen in the figure below.Based on the information in the figure above, what amount would you need to include in your risk contingency fund?

A. $465,000

B. 171,500

C. $258,500

D. 258,500

View answer

Correct Answer: D

Question #14

You are the project manager of the NHK Project. Management wants to know how often your risk identification process will occur during the project. Considering that your project is scheduled to last one year and involvs five distinct phases, how often should risk identification take place?

A. onthly

B. nce per project life cycle phase

C. uarterly

D. ary depending on the situations within the project

View answer

Correct Answer: D

Question #15

You are preparing to start the qualitative risk analysis process for your project. You will be relying on some organizational process assets to influence the process. Which one of the following is NOT a probable reason for relying on organizational process assets as an input for qualitative risk analysis?

A. tudies of similar projects by risk specialists

B. isk databases that may be available from industry sources

C. eview of vendor contracts to examine risks in past projects

D. nformation on prior, similar projects

View answer

Correct Answer: C

Question #16

Which of the following processes must be repeated after Plan Risk Responses, as well as part of the Monitor and Control Risks, to determine if the overall project risk has been satisfactorily decreased?

A. isk Limitation

B. erform Qualitative Risk Analysis

C. dentify Risk

D. erform Quantitative Risk Analysis

View answer

Correct Answer: D

Question #17

You are the project manager for TTP project. You are in the Identify Risks process. You have to create the risk register. Which of the following are included in the risk register? Each correct answer represents a complete solution. Choose two.

A. isk register and the risk response plan

B. isk register and power to assign risk responses

C. isk register and the risk management plan

D. isk register and the results of risk analysis

View answer

Correct Answer: CD

Question #18

Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

A. etermination of the true cost of the risk event

B. robability and Impact Matrix

C. oot cause analysis

D. nterviews or meetings

View answer

Correct Answer: D

Question #19

Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."

A. isk management plan

B. roject charter

C. isk register

D. uality management plan

View answer

Correct Answer: C

Question #20

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

A. areto modeling

B. xpected Monetary Value

C. nalogous modeling

D. onte Carlo Technique

View answer

Correct Answer: D

Question #21

Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

A. 35,000

B. 41,700

C. 14,000

D. 6,700

View answer

Correct Answer: D

Question #22

You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?

A. RGC addresses questions such as the understanding of the secondary impacts of a risk

B. RGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks

C. RGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks

D. RGC is both a concept and a tool

View answer

Correct Answer: B

Question #23

You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

A. ecause of work that was omitted during the WBS creation

B. ecause of new work generated by the risk responses

C. ecause of risk responses that are now activities

D. ecause of risks associated with work packages

View answer

Correct Answer: B

Question #24

FILL BLANKFill in the blank with an appropriate phrase. The___________ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied.

A. esidual risk

View answer

Correct Answer: A

Question #25

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. roject scope statement

B. isk register

C. roject charter

D. isk low-level watch list

View answer

Correct Answer: B

Question #26

Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project. She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

A. his is the risk mitigation response

B. his is the avoidance risk response

C. his is the transference risk response

D. his is a scope change and not a risk response

View answer

Correct Answer: B

Question #27

You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project $55,000 if the risk happens. What will be the expected monetary value of this risk event?

A. egative $27,500

B. ero - the risk event has not yet occurred

C. egative $26,000

D. egative $55,000

View answer

Correct Answer: A

Question #28

Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?

A. isk response

B. isk event

C. isk trigger

D. isk identification

View answer

Correct Answer: C

Question #29

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. t helps to identify those risks for which specific responses are needed

B. t is a limit of the funds that can be assigned to risk events

C. t is a warning sign that a risk event is going to happen

D. t is a study of the organization's risk tolerance

View answer

Correct Answer: D

Question #30

Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.What recommendation could be implemented to prevent this from recurring?

A. Use the Monte Carlo simulation

B. Implement a reserve analysis process

C. Conduct more frequent reserve watch list status meetings

D. Increase the contingency reserve

View answer

Correct Answer: B

Question #31

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

A. isk response

B. uantitative analysis

C. ontingency reserve

D. isk response plan

View answer

Correct Answer: C

Question #32

You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?

A. chieving customer satisfaction is an assumption and should be documented in the project scope

B. chieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished

C. chieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables

D. chieving customer satisfaction should always map to the quality requirements for the project

View answer

Correct Answer: B

Question #33

Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team. What document is Frank and the NHH Project team creating in this scenario?

A. esource management plan

B. roject plan

C. roject management plan

D. isk management plan

View answer

Correct Answer: D

Question #34

Yolanda is the project manager of a high-profile project for her organization. This project has 124 stakeholders from across the organization and many of the stakeholders have high demands and expectations for the project. Yolanda will need several pieces of project information as she begins to communicate and manage the stakeholder expectations. Which of the following inputs of the manage stakeholder expectations process directly addresses the risks that could affect the project and which must be communica

A. hange log

B. ow-level risks watchlist

C. ssue log

D. takeholder register

View answer

Correct Answer: A

Question #35

John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

A. nhancing

B. pportunistic

C. ositive

D. xploiting

View answer

Correct Answer: A

Question #36

You are the project manager of RTF project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows causal factors for an effect to be solved. What diagramming technique are you using as a part of the risk identification process?

A. ause and effect diagrams

B. ystem or process flow charts

C. redecessor and successor diagramming

D. nfluence diagrams

View answer

Correct Answer: A

Question #37

Harry works as a project manager for BlueWell Inc. He is determining how to conduct the risk management activities for a project. According to the PMBOK, there are six inputs to the plan risk management process. Which one of the following is NOT an input to this process?

A. roject scope statement

B. isk management plan

C. chedule management plan

D. ost management plan

View answer

Correct Answer: B

Question #38

A risk has been identified in a multi-functional project. The project manager decides to take no action.What type of response is this considered?

A. Avoidance

B. Exploitation

C. Procrastination

D. Acceptance

View answer

Correct Answer: D

Question #39

You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

A.

B.

C. $30,647

D.

View answer

Correct Answer: D

Question #40

Consider the risk probability-impact matrix in the figure given below:If Risk B happens in this project, how much will be left in the contingency reserve?

A. 193,500

B. $334,500

C. t depends on the total budget of the project

D. 148,300

View answer

Correct Answer: A

Question #41

Which of the following represents levels of risk attitude?

A. Conservative, moderate, and liberal

B. Risk-averse, risk-neutral, risk-tolerant, risk-seeking

C. Risk-mitigating, risk-avoiding, risk-transferring, risk-accepting

D. High, medium, and low

View answer

Correct Answer: B

Question #42

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

A. ransference

B. itigation

C. xploit

D. nhance

View answer

Correct Answer: D

Question #43

You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?

A. voidance

B. xploiting

C. ransference

D. haring

View answer

Correct Answer: C

Question #44

You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of your preparation for identifying the risks within the project you will need eleven inputs for the process. Which one of the following is NOT an input to the risk identification process?

A. uality management plan

B. ost management plan

C. takeholder register

D. rocurement management plan

View answer

Correct Answer: D

Question #45

You are the project manager of the HJU project for your company. This project will last for 18 months and has a project budget of $567,000. Robert, one of your stakeholders, has introduced a scope change request that will likely have an impact on the project costs and schedule. Robert assures you that he will pay for the extra time and costs associated with the risk event. You tell Robert that the change request may affect more areas of the project than just time and cost and that you are worried about the

A. roject change control system

B. ntegrated change control

C. isk analysis

D. onfiguration management

View answer

Correct Answer: B

Question #46

During which of the following processes, probability and impact matrix is prepared?

A. erform Qualitative Risk Analysis

B. onitoring and Control Risks

C. lan Risk Responses

D. erform Quantitative Risk Analysis

View answer

Correct Answer: A

Question #47

Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?

A. uantitative analysis

B. ualitative analysis

C. isk distribution

D. onte Carlo Analysis

View answer

Correct Answer: D

Question #48

You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

A. xpert judgment

B. ata gathering and representation techniques

C. rganizational process assets

D. uantitative risk analysis and modeling techniques

View answer

Correct Answer: C

Question #49

Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk

A. voidance

B. xploiting

C. ccepting

D. nhancing

View answer

Correct Answer: B

Question #50

FILL BLANKFill in the blank with an appropriate phrase.___________ are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.

A. ure risks

View answer

Correct Answer: A

Question #51

Which of the following would a proactive risk manager do during the Monitoring and Controlling Process?

A. Develop risk responses, create risk management plan, and stay alert for risk events

B. Update the lessons learned documents, develop risk responses, and create the risk management plan

C. Review identified risks, stay alert for risk events, and remind team members to keep the risk manager informed about risk triggers

D. Review lessons learned document to identify risks, quantify risks, and lower impact ratings

View answer

Correct Answer: C

Question #52

Mary is the project manager for the BLB project. She has instructed the project team to assemble, to review the risks. She has included the schedule management plan as an input for the quantitative risk analysis process. Why is the schedule management plan needed for quantitative risk analysis?

A. ary will schedule when the identified risks are likely to happen and affect the project schedule

B. ary will utilize the schedule controls and the nature of the schedule for the quantitative analysis of the schedule

C. ary will use the schedule management plan to schedule the risk identification meetings throughout the remaining project

D. ary will utilize the schedule controls to determine how risks may be allowed to change the project schedule

View answer

Correct Answer: B

Question #53

You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution in comparison to the ven

A. pproximately 8 months

B. pproximately 15 months

C. pproximately 13 months

D. pproximately 11 months

View answer

Correct Answer: D

Question #54

You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans?

A. xecuting

B. lanning

C. onitoring and Controlling

D. n any process group where the risk event resides

View answer

Correct Answer: C

Question #55

Melody is the project manager for her organization. She has created a risk response to conduct more tests on the software her project is creating. The identified risk that prompted this response was that the software is mission-critical and must be flawless before it can be put into product. What type of a risk response has Melody used in this scenario?

A. itigation

B. nhance

C. ransference

D. voidance

View answer

Correct Answer: A

Question #56

Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?

A. isk Communication

B. RGC

C. isk Response Planning

D. isk Governance

View answer

Correct Answer: D

Question #57

Della works as a project manager for SoftTech Inc. She is working with the project stakeholders to begin the quantitative risk analysis process. Which of the following inputs will be needed for the quantitative risk analysis process in her project? Each correct answer represents a complete solution. Choose all that apply.

A. isk planning

B. isk identification

C. isk monitoring and controlling

D. isk analysis

View answer

Correct Answer: ACD

Question #58

Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate

A. ob is correct

B. ob is correct

C. ancy is correct

D. ancy is correct

View answer

Correct Answer: B

Question #59

There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?

A. voidance

B. cceptance

C. haring

D. ransference

View answer

Correct Answer: B

Question #60

Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?

A. he project scope statement must be understood to see the project requirements and the inherent risks of the project

B. he project scope statement will reveal the type of project as either a recurrent or first-of-its-kind project

C. he project scope identifies the risks associated with project constraints

D. he project scope statement must be reviewed to understand the quality requirements and the risks associated with the demand for quality

View answer

Correct Answer: B

Question #61

You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than 0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?

A. $37,500

B.

C.

D.

View answer

Correct Answer: B

Question #62

Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?

A. haring

B. ransference

C. nhance

D. xploit

View answer

Correct Answer: C

Question #63

You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?

A. uantitative risk analysis

B. isk audits

C. equested changes

D. ualitative risk analysis

View answer

Correct Answer: C

Question #64

Risks with low ratings of probability and impact are included on a___________ for future monitoring.

A. isk alarm

B. atchlist

C. bservation list

D. isk register

View answer

Correct Answer: B

Question #65

You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?

A. our

B. ne

C. hree

D. even

View answer

Correct Answer: A

Question #66

David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?

A. t is a cost-effective means of establishing probability and impact for the project risks

B. ualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses

C. ll risks must pass through quantitative risk analysis before qualitative risk analysis

D. t is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis

View answer

Correct Answer: D

Question #67

Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?

A. cope statement

B. essons learned

C. isk Breakdown Structure

D. echnical documentation

View answer

Correct Answer: D

Question #68

John works as a project manager for ABD project. He and his team, are working on the following activities:-Relative ranking or priority list of project risks-Watchlists of low priority risk-Trends in Qualitative Risk Analysis resultsOn which of the following processes is John working on?

A. erform Qualitative Risk Analysis

B. lan Risk Management

C. lan Risk Responses

D. erform Quantitative Risk Analysis

View answer

Correct Answer: A

Question #69

Holly is the project manager of the NHQ project for her company. Her project sponsor, Tracy, has requested that Thomas, the department manager, from the Risk Management Department, will work with Holly to determine the effectiveness of the risk responses. Tracy and Thomas are concerned that some of the risks within Holly's project may not be addressed to depth they would like. In this scenario, who is responsible for ensuring that risk audits are performed at an appropriate frequency throughout the project?

A. homas

B. racy

C. he project team

D. olly

View answer

Correct Answer: D

Question #70

Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identifie

A. nclude the risk response in the project risk management plan

B. nclude the responses in the project management plan

C. othing

D. nclude the risk responses in the organization's lessons learned database

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Correct Answer: D

Question #71

Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom's concern, however, is that the priority list of these risk events are sorted in "high- risk," "moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risk

A. isks may be listed by the additional analysis and response

B. isk may be listed by the responses in the near-term

C. isks may be listed by priority separately for schedule, cost, and performance

D. isks may be listed by categories

View answer

Correct Answer: C

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