PMI PMI-RMP Dumps in PDF and Online - Page: 3

QUESTION: 17

A project manager is hired as a consultant by the executive sponsor to manage a major change program that has experienced two past failures. The current executive sponsor believes the project is in good shape based on feedback from the last project manager and reports this to senior executive management. The executive sponsor believes there were no major risks threatening the time, budget, or quality of the project. In the first week of risk analysis, the project manager concludes the project timeline is unrealistic and is three months behind schedule. The organization's risk appetite is low.

What is the first step that should be taken?

Review the project schedule and recommend fast tracking the schedule and/or crashing the critical path.
Discuss the project schedule with the executive sponsor and agree on a strategy for updating the risk management plan and risk response plans.
Update existing risk response plans and include more resources to get the project back on track.
Immediately call a steering committee meeting, report the project status, and suggest project scope reductions to save time.

Answer(s): B

Reveal Solution Next Question

QUESTION: 18

During what process should a project manager assign a risk owner?

Plan Risk Responses
Plan Risk Management
Monitor Risks
Identify Risks

Answer(s): A

Reveal Solution Next Question

QUESTION: 19

A risk manager wants to determine which risks are going to have the highest impact on a project.
Which of the following techniques should the risk manager use?

Assumptions analysis
Sensitivity analysis
Root cause analysis
Prioritization matrices

Answer(s): B

Reveal Solution Next Question

QUESTION: 20

Critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. How could the situation be improved for the future?

Cross train others to reduce the SME workload.
Introduce scope reductions to limit the reliance on SMEs.
Replace the SME with resources, who are responsible for receiving output from the SME on their deliverables.
Extend the project schedule timeline to accommodate availability of the SME.

Answer(s): B

Reveal Solution Next Question

QUESTION: 21

In what way can the risk manager determine when poor risk planning techniques are influencing the scope, schedule, quality, and/or budget of the project?

Evaluate the results of the Monte Carlo analysis
Document and periodically update project risk information
Monitor project metrics and performance information
Update the risk management plan

Answer(s): C

Reveal Solution Next Question

QUESTION: 22

The company board is concerned about potential legal action from a high-risk project What technique can be used to justify risk response decisions taken on this project?

Interviews
Nominal group technique
Brainstorming
Decision tree analysis

Answer(s): D

Reveal Solution Next Question

QUESTION: 23

The project manager generates a monthly risk report for key stakeholders which documents high and medium risk items only.
Where would the project manager find the list of recipients for the report?

Communications management plan
Risk management plan
Risk register
Project charter

Answer(s): A

Reveal Solution Next Question

QUESTION: 24

A CEO wants to reduce costs in the time spent for risk management activities.
What step did the risk manager fail to perform?

Assigning the CEO as a risk owner
Preventing all issues from occurring
Properly communicating the risk management activities and their outcomes
Explaining the purpose of the management reserve

Answer(s): B

Reveal Solution Next Question

PMI Risk Management Professional PMI-RMP Dumps in PDF

Free PMI PMI-RMP Real Questions (page: 3)

QUESTION: 17

QUESTION: 18

QUESTION: 19

QUESTION: 20

QUESTION: 21

QUESTION: 22

QUESTION: 23

QUESTION: 24