PMI-RMP

PMI-RMP practice questions, page 14 of 18, with answer review and explanations.

Question 66

The project manager is implementing a computer interface to facilitate communications between two ticketing systems for two major companies in the IT industry. During the Plan Risk Response process, the project team agrees on the contingency plan that should mitigate the negative impact of the risk. However, during the project execution, one of the subject matter experts identifies a residual risk that was not taken into consideration during the risk response planning session, but could potentially affect the project schedule baseline. What should the risk manager do to handle this residual risk?

  1. Increase the management reserve.
  2. Analyze this risk and update the risk register.
  3. Accept the risk, since it is minor.
  4. Reject the risk, since the risk plan will take care of all the risks.

Question 67

The risk management process can be defined as which of the following?

  1. Iterative through the planning phase
  2. Baselined at the beginning of execution
  3. Iterative throughout the entire project
  4. Updated in the execution phase

Question 68

A risk manager creates a survey for project stakeholders to obtain their opinions on high levels of risk. Key questions in the survey address acceptable levels of cost increases and schedule delays. What is the risk manager trying to determine?

  1. Risk urgency
  2. Risk exposure
  3. Risk threshold
  4. Risk attitude

Question 69

Which of the following will ultimately determine risk thresholds?

  1. The absolute value of the consequence
  2. The risk appetite of the key stakeholders
  3. The practice standard for risk management
  4. The project manager

Question 70

Which of the following represents levels of risk attitude?

  1. Conservative, moderate, and liberal
  2. Risk-averse, risk-neutral, risk-tolerant, risk-seeking
  3. Risk-mitigating, risk-avoiding, risk-transferring, risk-accepting
  4. High, medium, and low