PMI PMI-RMP Dumps PDF Free Download - Page: 10

QUESTION: 73

During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was not originally identified as a risk. To maintain the project schedule, the project manager decides to purchase a new power adapter.

What type of response best describes this course of action?

Contingency plan
Management plan
Fall-back plan
Workaround

Answer(s): D

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QUESTION: 74

After a risk review meeting, three key risks are identified as likely to be realized. The project manager requests a risk scenario be calculated to establish the impact on the budget.

What is the forecasting methodology that should be utilized to calculate the impact?

Estimate to complete (ETC)
Budget at completion (BAC)
Estimate risk completion (ERC)
Estimate at completion (EAC)

Answer(s): D

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QUESTION: 75

A risk has been identified in a multi-functional project. The project manager decides to take no action.

What type of response is this considered?

Avoidance
Exploitation
Procrastination
Acceptance

Answer(s): D

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QUESTION: 76

Which of the following could be included in risk monitoring and controlling techniques?

Status review meetings, trend analysis, earned value analysis, McGregor's analysis, defect repair, inspection
Status review meetings, variance analysis, trend analysis, earned value analysis, inspection, control charts
Status review meetings, control charts, Inspection, defect repair, Maslow's analysis, trend analysis
Variance analysis, trend analysis, earned value analysis, Maslow's analysis, control charts, brainstorming

Answer(s): B

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QUESTION: 77

The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has that exceeds the risk levels documented in the risk management plan.

What would be the best course of action for the company to take with the project based on its current scope?

Monitor ongoing risks closely for any major changes.
Perform a Monte Carlo simulation to understand possible risk outcomes.
Cancel the project, as the overall level of risk remains unacceptable.
Conduct a stakeholder meeting to validate stakeholder risk appetite.

Answer(s): C

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QUESTION: 78

What are the critical success factors for the Plan Risk Management process?

Mitigate all risks, engage stakeholders, and follow organizational policies.
Identify and address barriers, engage stakeholders, and follow organizational policies.
Contingency reserves engage stakeholders and follow organizational policies.
Identify and address barriers, engage stakeholders, and follow government regulations.

Answer(s): B

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QUESTION: 79

What items should be included in a complex project's risk management plan?

Risk management methodology, scope statement, and thresholds and corresponding definitions
Risk management methodology, risk management organization, and thresholds and corresponding definitions
Risk management organization, templates, and milestone plan
Risk management organization, risk communication plan, and milestone plan

Answer(s): B

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QUESTION: 80

Which analysis method has a lower standard deviation?

European Hypercube
Monte Carlo simulation
Hecht analysis
Latin Hypercube

Answer(s): D

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