PMI-RMP

PMI-RMP practice questions, page 16 of 18, with answer review and explanations.

Question 76

Which of the following could be included in risk monitoring and controlling techniques?

  1. Status review meetings, trend analysis, earned value analysis, McGregor's analysis, defect repair, inspection
  2. Status review meetings, variance analysis, trend analysis, earned value analysis, inspection, control charts
  3. Status review meetings, control charts, Inspection, defect repair, Maslow's analysis, trend analysis
  4. Variance analysis, trend analysis, earned value analysis, Maslow's analysis, control charts, brainstorming

Question 77

The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has that exceeds the risk levels documented in the risk management plan. What would be the best course of action for the company to take with the project based on its current scope?

  1. Monitor ongoing risks closely for any major changes.
  2. Perform a Monte Carlo simulation to understand possible risk outcomes.
  3. Cancel the project, as the overall level of risk remains unacceptable.
  4. Conduct a stakeholder meeting to validate stakeholder risk appetite.

Question 78

What are the critical success factors for the Plan Risk Management process?

  1. Mitigate all risks, engage stakeholders, and follow organizational policies.
  2. Identify and address barriers, engage stakeholders, and follow organizational policies.
  3. Contingency reserves engage stakeholders and follow organizational policies.
  4. Identify and address barriers, engage stakeholders, and follow government regulations.

Question 79

What items should be included in a complex project's risk management plan?

  1. Risk management methodology, scope statement, and thresholds and corresponding definitions
  2. Risk management methodology, risk management organization, and thresholds and corresponding definitions
  3. Risk management organization, templates, and milestone plan
  4. Risk management organization, risk communication plan, and milestone plan

Question 80

Which analysis method has a lower standard deviation?

  1. European Hypercube
  2. Monte Carlo simulation
  3. Hecht analysis
  4. Latin Hypercube