PMI PMI-RMP Dumps in PDF and Online - Page: 1

QUESTION: 1

What are common examples used to communicate risk probability and impact?

Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis
Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation
Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix
Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

Answer(s): C

QUESTION: 2

When using the risk register to manage the cost risk analysis, which of the following models the way correlation arises, and avoids the need to estimate the correlation coefficients?

Risk Monte Carlo analysis
Risk driver method
Risk scatter diagram
Risk RACI matrix

Answer(s): C

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QUESTION: 3

Which of the following characteristics would a risk tolerant person or group demonstrate?

Adaptable and resourceful; not afraid to take action; thrill seeking
Discomfort with uncertainty; low tolerance for ambiguity; seeks security and resolution in the face of risk
Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and not afraid of change or unknowns
Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior

Answer(s): D

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The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?

Scheduled, budgeted, and easy for project stakeholders to understand
Cost-effective, validated by Monte Carlo analysis, and assigned
Iterative, scaled to the project, and addressing threats and opportunities
Timely, cost-effective, agreed-upon, and accepted

Answer(s): C

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QUESTION: 5

A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

The functional manager is responsible for providing the training.
Provide project specific risk training and mentor through the risk process.
Send the new team member the risk management plan to read.
Provide the new team member with a copy of the risk register and latest status report.

Answer(s): C

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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

Answer(s): A

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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.

Answer(s): A

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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

Answer(s): A

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PMI Risk Management Professional PMI-RMP Dumps in PDF

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