PMI PMI-RMP Dumps PDF Free Download - Page: 9

QUESTION: 65

A cost analyst team member asks the project manager for the latest risk data for inclusion with the cost estimates for the project.
Which tool should the cost analyst team member use to identify the probability of achieving specific cost targets?

Monte Carlo analysis
Decision tree analysis
Analogous estimating
Brainstorming

Answer(s): A

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QUESTION: 66

The project manager is implementing a computer interface to facilitate communications between two ticketing systems for two major companies in the IT industry. During the Plan Risk Response process, the project team agrees on the contingency plan that should mitigate the negative impact of the risk. However, during the project execution, one of the subject matter experts identifies a residual risk that was not taken into consideration during the risk response planning session, but could potentially affect the project schedule baseline.

What should the risk manager do to handle this residual risk?

Increase the management reserve.
Analyze this risk and update the risk register.
Accept the risk, since it is minor.
Reject the risk, since the risk plan will take care of all the risks.

Answer(s): B

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QUESTION: 67

The risk management process can be defined as which of the following?

Iterative through the planning phase
Baselined at the beginning of execution
Iterative throughout the entire project
Updated in the execution phase

Answer(s): C

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QUESTION: 68

A risk manager creates a survey for project stakeholders to obtain their opinions on high levels of risk. Key questions in the survey address acceptable levels of cost increases and schedule delays.

What is the risk manager trying to determine?

Risk urgency
Risk exposure
Risk threshold
Risk attitude

Answer(s): C

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QUESTION: 69

Which of the following will ultimately determine risk thresholds?

The absolute value of the consequence
The risk appetite of the key stakeholders
The practice standard for risk management
The project manager

Answer(s): B

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QUESTION: 70

Which of the following represents levels of risk attitude?

Conservative, moderate, and liberal
Risk-averse, risk-neutral, risk-tolerant, risk-seeking
Risk-mitigating, risk-avoiding, risk-transferring, risk-accepting
High, medium, and low

Answer(s): B

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QUESTION: 71

Which of the following should multicultural groups be aware of on a project relative to risk?

Problematic risk management practices
Multicultural beta risk management software
Differences regarding risk attitudes and emotional literacy
"Parent-child" risk relationships

Answer(s): C

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QUESTION: 72

Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.

What recommendation could be implemented to prevent this from recurring?

Use the Monte Carlo simulation.
Implement a reserve analysis process.
Conduct more frequent reserve watch list status meetings.
Increase the contingency reserve.

Answer(s): B

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