PMI-RMP

PMI-RMP practice questions, page 15 of 18, with answer review and explanations.

Question 71

Which of the following should multicultural groups be aware of on a project relative to risk?

  1. Problematic risk management practices
  2. Multicultural beta risk management software
  3. Differences regarding risk attitudes and emotional literacy
  4. "Parent-child" risk relationships

Question 72

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?

  1. Use the Monte Carlo simulation.
  2. Implement a reserve analysis process.
  3. Conduct more frequent reserve watch list status meetings.
  4. Increase the contingency reserve.

Question 73

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 not originally identified as a risk. To maintain the project schedule, the project manager decides to purchase a new power adapter. What type of response best describes this course of action?

  1. Contingency plan
  2. Management plan
  3. Fall-back plan
  4. Workaround

Question 74

After a risk review meeting, three key risks are identified as likely to be realized. The project manager requests a risk scenario be calculated to establish the impact on the budget. What is the forecasting methodology that should be utilized to calculate the impact?

  1. Estimate to complete (ETC)
  2. Budget at completion (BAC)
  3. Estimate risk completion (ERC)
  4. Estimate at completion (EAC)

Question 75

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?

  1. Avoidance
  2. Exploitation
  3. Procrastination
  4. Acceptance