PMI-RMP

PMI-RMP practice questions, page 12 of 18, with answer review and explanations.

Question 56

During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was originally identified as a risk during earlier stages of the project and the associated risk response indicated a plan to purchase a new power adapter. Which project fund will be used to cover this cost?

  1. Management reserve
  2. Management budget
  3. Project budget
  4. Contingency reserve

Question 57

Which of the following demonstrates that a company's risk management process is successful?

  1. Projects deemed too risky are given additional time.
  2. The number of identified risks has decreased.
  3. Profitability has increased due to the risk management process.
  4. Additional resources were added to complete the project faster.

Question 58

A heavy industrial design firm has over USS3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have been identified and assessed as high priorities for the project. What is the most effective method to capture these opportunities?

  1. Integrate them into the RBS.
  2. Schedule a project team meeting.
  3. Formally notify the project manager.
  4. Establish a contingency reserve.

Question 59

How can the project manager rank competing stakeholder priorities for all the identified risks?

  1. Perform qualitative and quantitative risk analysis.
  2. Engage the project sponsor to decide.
  3. Refer to stakeholder analysis prioritization tree.
  4. Perform a review of organizational process assets.

Question 60

The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?

  1. Scope reduction to reduce SME reliance
  2. Risk management plan and planned risks responses
  3. Risk identification process and participation
  4. Detailed review of the project schedule before approval