PMI-RMP

PMI-RMP practice questions, page 11 of 18, with answer review and explanations.

Question 51

During the initial risk planning process, the risk manager and project manager discuss ways to handle known risks. Which project reserve should the project manager use to budget for known risks?

  1. Budget reserve
  2. Contingency reserve
  3. Change management reserve
  4. Risk reserve

Question 52

During the risk Monitor and Control Project Work process, the scope, schedule, and cost begin to increase. What outputs should be updated and/or created?

  1. Project management plan, project documents, and human resource plan
  2. Change requests, project management plan, and project documents
  3. Change requests, cost plan, and project documents
  4. Enterprise environmental factors, change requests, and project management plan

Question 53

The project enters a testing phase to validate a project requirement. The testing is occurring in a common company testing area maintained by operations. The project team accepts the external customer's additional testing requirements, which may cause a slip in the schedule. A risk is identified, added to the risk register, and a response is developed. What is the next step to be completed?

  1. Inform the external customer that the project manager has added the schedule risk to the register.
  2. Hire more resources to ensure the original schedule is maintained.
  3. Communicate and monitor the risk response with testing and operations.
  4. Resist the customer's scope increase to maintain the original testing requirements.

Question 54

A project team's risk facilitator identifies a number of risks and must prioritize them based on the organization's risk appetite levels. Which technique should be used?

  1. PERT
  2. Stakeholder risk profile analysis
  3. Project scope statement analysis
  4. Monte Carlo technique

Question 55

While preparing for a project review meeting with leadership, the project team analyzes and checks its scope activities and discovers missing requirements. The project risk manager decides to hire a subcontractor to fulfill these newly discovered requirements. What risk strategy did the project risk manager use?

  1. Avoid
  2. Transfer
  3. Accept
  4. Mitigate