PMI-RMP practice questions, page 2 of 18, with answer review and explanations.
Question 6
The stakeholder is unwilling to make decisions that would result in negative consequences to the project. Which of the following describes the stakeholder's attitude regarding project risks?
Risk averse
Risk neutral
Risk accepting
Not enough information available to describe the stakeholder's risk attitude
Question 7
A project manager is developing the risk management process and schedules a risk planning workshop at the start of the project. Upon receiving the invitation, a senior stakeholder emails the project manager stating that a risk management plan is not needed since this is a small project, and lack of a plan will reduce costs. Which of the following should the project manager do?
Advise the stakeholder that risk management is a valuable undertaking and must be applied to all projects to some degree.
Cancel the workshop, as the stakeholder is senior and risk management is an optional process, especially on smaller projects.
Continue with the workshop, but remove the stakeholder from the list of attendees.
Review the scope in an attempt to save money in other areas of the project to provide funding for the risk management activities.
Question 8
What is a project issue within a project environment?
A negative effect on a project objective arising from occurrence of a threat
A certain event which has a positive or negative impact in the project
A risk which has a significant impact on the project
An uncertain event which may impact the project
Question 9
What is the purpose of mitigating negative risks as a part of the risk response process?
To transfer the probability of a risk happening to a third party, and to reduce the severity of the impact
To reduce the probability of a risk happening, and/or reduce the severity of the impact
To accept the probability of a risk happening to reduce the severity of the impact
To increase the probability of a risk happening, but reduce the severity of the impact
Question 10
In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to the project cancellation. How should the probability and impact be characterized for this risk?