PMI-RMP

PMI-RMP practice questions, page 5 of 18, with answer review and explanations.

Question 21

In what way can the risk manager determine when poor risk planning techniques are influencing the scope, schedule, quality, and/or budget of the project?

  1. Evaluate the results of the Monte Carlo analysis
  2. Document and periodically update project risk information
  3. Monitor project metrics and performance information
  4. Update the risk management plan

Question 22

The company board is concerned about potential legal action from a high-risk project What technique can be used to justify risk response decisions taken on this project?

  1. Interviews
  2. Nominal group technique
  3. Brainstorming
  4. Decision tree analysis

Question 23

The project manager generates a monthly risk report for key stakeholders which documents high and medium risk items only. Where would the project manager find the list of recipients for the report?

  1. Communications management plan
  2. Risk management plan
  3. Risk register
  4. Project charter

Question 24

A CEO wants to reduce costs in the time spent for risk management activities. What step did the risk manager fail to perform?

  1. Assigning the CEO as a risk owner
  2. Preventing all issues from occurring
  3. Properly communicating the risk management activities and their outcomes
  4. Explaining the purpose of the management reserve

Question 25

A risk on the risk register is triggered. This triggered risk costs US$200,000 to mitigate and will overwhelm the project, causing it to fail if not mitigated. The project manager identifies that there is US$200,000 left in the management reserve. From which of the following sources should the funds be drawn to cover the risk mitigation?

  1. Organization management reserve
  2. Unplanned risk reserve
  3. Contingency reserve
  4. Management reserve