PMI-RMP

PMI-RMP practice questions, page 4 of 18, with answer review and explanations.

Question 16

What steps would be used during the qualitative risk analysis process to provide input to the risk register?

  1. Select risks characteristics, collect and analyze data, prioritize risks, categorize risks causes, document results
  2. Interviews, expert opinions, sponsor inputs, risk manager review, prioritize risks, and document results
  3. Interviews, expert opinions, risk manager review, prioritize risks, and document results
  4. Select risks characteristics, collect and analyze data, prioritize risks, discuss action plans for major risks, document results

Question 17

A project manager is hired as a consultant by the executive sponsor to manage a major change program that has experienced two past failures. The current executive sponsor believes the project is in good shape based on feedback from the last project manager and reports this to senior executive management. The executive sponsor believes there were no major risks threatening the time, budget, or quality of the project. In the first week of risk analysis, the project manager concludes the project timeline is unrealistic and is three months behind schedule. The organization's risk appetite is low. What is the first step that should be taken?

  1. Review the project schedule and recommend fast tracking the schedule and/or crashing the critical path.
  2. Discuss the project schedule with the executive sponsor and agree on a strategy for updating the risk management plan and risk response plans.
  3. Update existing risk response plans and include more resources to get the project back on track.
  4. Immediately call a steering committee meeting, report the project status, and suggest project scope reductions to save time.

Question 18

During what process should a project manager assign a risk owner?

  1. Plan Risk Responses
  2. Plan Risk Management
  3. Monitor Risks
  4. Identify Risks

Question 19

A risk manager wants to determine which risks are going to have the highest impact on a project. Which of the following techniques should the risk manager use?

  1. Assumptions analysis
  2. Sensitivity analysis
  3. Root cause analysis
  4. Prioritization matrices

Question 20

Critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. How could the situation be improved for the future?

  1. Cross train others to reduce the SME workload.
  2. Introduce scope reductions to limit the reliance on SMEs.
  3. Replace the SME with resources, who are responsible for receiving output from the SME on their deliverables.
  4. Extend the project schedule timeline to accommodate availability of the SME.