PMI-RMP practice questions, page 7 of 18, with answer review and explanations.
Question 31
Which of the following is the primary project artifact used to capture risks, strategies, ownership patterns, and other vital information about an organization's project risk baseline?
Risk action plan with owners
Risk register
Mitigation plan
Risk management plan
Question 32
The project manager receives an updated project schedule from a sub team detailing the deliverables, dates, and durations for a critical milestone on the development and testing for off-shore activities. This report is received one hour before a meeting with the chief executive officer (CEO) to present an updated master schedule of the critical path. The CEO has been promised a discussion on the project schedule several times. However, based on the recent update from the off-shore team, the project manager realizes this new schedule is not realistic. There are new risks associated with it and it is not well thought out. Some key stakeholders want to present this revised plan to the CEO. This meeting has been postponed twice already. Which action should the project manager take before meeting with the CEO?
Talk to the stakeholders before the meeting to discuss the options and ask their opinion.
Present the revised master schedule to the CEO with the caveat that it is being updated as new information is received, and these are the current dates at this point.
Request the meeting be re-scheduled before presenting the master schedule to the CEO, stating that new major risks were identified and need to be assessed thoroughly.
Present the revised schedule to the CEO and only answer questions about validity, if asked.
Question 33
During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?
Classify the risk impacts based on their severity.
List workaround solutions.
Identify the risk owners.
Determine the root causes.
Question 34
Due to lack of specific knowledge within a technical domain, the project manager decides an expert from outside the organization should be invited into the project to identify and analyze risks. The project manager understands that the risk management process has many benefits, but it will also have clear costs. Which of the following should the project manager do?
Identify internal resources with proper knowledge, and keep costs down.
Hire experts as needed.
Hire a specialized risk analysis consulting company.
Determine that the benefits outweigh the costs where risk is involved.
Question 35
A project team is conducting initial risk planning. What other risk-related task should the project manager perform?