Risk Management Professional Exam Questions PDF download

QUESTION: 81

While creating the appropriate risk strategy, the project manager discovers that the project team lacks the necessary expertise to define the risk management plan.
What additional resources should be utilized?

Consultants, organizational process assets, subject matter experts, and stakeholder tolerance analysis
Consultants, industry group, and subject matter experts
Consultants, professional and technical associations, subject matter experts, and industry groups
Consultants, professional and technical associations, and subject matter experts

Answer(s): B

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QUESTION: 82

A project manager is creating a risk management plan, but participants in a group meeting are hesitant to express their concerns.
What will encourage participants to offer their opinions?

Brainstorming
Monte Carlo simulation
Interviews
Nominal group technique

Answer(s): C

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QUESTION: 83

Which of the following is a key element of neuro-linguistic programming?

Re-coding based on agile methodology
Flex-scheduling
Cross-training
Building rapport with others

Answer(s): D

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QUESTION: 84

When monitoring the execution quality of risk-related plans and processes, which of the following would be a useful metric to track and record?

The number of risks in the project risk register
The degree of variation from the baseline
The number of levels in the risk breakdown structure
The degree of variation from the risk response strategy

Answer(s): B

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QUESTION: 85

A project manager identifies a risk in a multifunctional project and decides to take no action.
What should the risk manager do if the risk occurs?

Implement a workaround.
Create a change request.
Implement a contingency or fallback plan.
Review the project management plan.

Answer(s): A

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QUESTION: 86

The project manager must evaluate two separate contractors for a project with an absolute finish date of 15 December. After performing a Monte Carlo assessment on the submitted schedules, the following information is found:

Which contractor should be chosen, because of having the highest statistical output?

Contractor A should be chosen based on confidence level.
Contractor B should be chosen based on probability.
Contractor A should be chosen based on probability and confidence level.
Contractor B should be chosen based on probability and confidence level.

Answer(s): A

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QUESTION: 87

When analyzing the reward system in a company, there is evidence that "fire-fighter behavior" is the highest rewarded behavior. It suggests that people are dealing with major problems primarily in an emergency mode, and deploying quickly. Secondly, those who work efficiently are getting the most attention and recognition for their efforts.

What impact does this observation potentially have on the risk management process?

Nothing, since the reward system does not have any impact on the risk management process.
It means that this company's culture does not reward all people, and it gives little attention to proactive behavior such as risk management.
It does not matter as each project has its own rewards system with no relationship to the company's rewards.
This is a positive situation for risk management, since it encourages quick deployment of solutions and workarounds when necessary.

Answer(s): B

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QUESTION: 88

What would be the next step after determining the agreed-upon risk response for a specific risk?

Add the risk response to the project management plan and document the predicted exposure.
Evaluate the project related implications and update the risk response to the project management plan if needed.
Document the predicted exposure.
Communicate to stakeholders.

Answer(s): D

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QUESTION: 88