PMI-RMP

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

Question 86

The project manager must evaluate two separate contractors for a project with an absolute finish date of 15 December. After performing a Monte Carlo assessment on the submitted schedules, the following information is found: Which contractor should be chosen, because of having the highest statistical output?

  1. Contractor A should be chosen based on confidence level.
  2. Contractor B should be chosen based on probability.
  3. Contractor A should be chosen based on probability and confidence level.
  4. Contractor B should be chosen based on probability and confidence level.

Question 87

When analyzing the reward system in a company, there is evidence that "fire-fighter behavior" is the highest rewarded behavior. It suggests that people are dealing with major problems primarily in an emergency mode, and deploying quickly. Secondly, those who work efficiently are getting the most attention and recognition for their efforts. What impact does this observation potentially have on the risk management process?

  1. Nothing, since the reward system does not have any impact on the risk management process.
  2. It means that this company's culture does not reward all people, and it gives little attention to proactive behavior such as risk management.
  3. It does not matter as each project has its own rewards system with no relationship to the company's rewards.
  4. This is a positive situation for risk management, since it encourages quick deployment of solutions and workarounds when necessary.

Question 88

What would be the next step after determining the agreed-upon risk response for a specific risk?

  1. Add the risk response to the project management plan and document the predicted exposure.
  2. Evaluate the project related implications and update the risk response to the project management plan if needed.
  3. Document the predicted exposure.
  4. Communicate to stakeholders.

Question 89

Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?

  1. Root cause analysis
  2. Quantitative risk analysis
  3. Ensuring that actions are available to address significant events before their occurrence
  4. Involving selected experts in the process