Exam Code: PMI-RMP (Practice Exam Latest Test Questions VCE PDF)
Exam Name: PMI Risk Management Professional
Certification Provider: PMI
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Q49. Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?
A. Activity cost estimates
B. Cost management plan
C. Activity duration estimates
D. Risk management plan
Answer: A
Q50. Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?
A. Project risk can happen at any moment.
B. Project risk happens throughout the project execution.
C. Project risk is always in the future.
D. Project risk is uncertain, so no one can predict when the event will happen.
Answer: C
Q51. You are the project manager of the NHJ project for your company. This project has a budget at completion of $1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be. What is the estimate at completion?
A. $1,650,000
B. $1,666,667
C. $663,333
D. -$8,333
Answer: B
Q52. Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team. What document is Frank and the NHH Project team creating in this scenario?
A. Resource management plan
B. Project plan
C. Project management plan
D. Risk management plan
Answer: D
Q53. You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?
A. Achieving customer satisfaction is an assumption and should be documented in the project scope.
B. Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.
C. Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.
D. Achieving customer satisfaction should always map to the quality requirements for the project.
Answer: B
Q54. You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
A. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
B. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
C. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
D. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Answer: A
Q55. You are the project manager of the GHG project. You are preparing for the quantitative risk
analysis process. You are using organizational process assets to help you complete the
quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize
organizational process assets as a part of the quantitative risk analysis process?
A. You will use organizational process assets for risk databases that may be available from
industry sources.
B. You will use organizational process assets for studies of similar projects by risk specialists.
C. You will use organizational process assets to determine costs of all risks events within the
current project.
D. You will use organizational process assets for information from prior similar projects.
Answer: C
Q56. Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?
A. Four
B. Three
C. Seven
D. Acceptance is the only risk response for positive risk events.
Answer: A