Risk Management Professional Exam Exam Questions PDF download

QUESTION: 71

You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When should the risk categories have been created?

Create work breakdown structure process
Plan risk management process
Risk identification process
Define scope process

Answer(s): B

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QUESTION: 72

You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:

If Risk D happens in this project, how much will be left in the contingency reserve?

$440,000
$233,500
$258,500
$243,500

Answer(s): B

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QUESTION: 73

The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several pieces of information including all of the following except for which one?

Trends in qualitative risk analysis
Risk probability-impact matrix
Watchlist of low-priority risks
Risks grouped by categories

Answer(s): B

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QUESTION: 74

Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

Bob is correct. Bob is familiar with the technology and the risk event so his response should be implemented.
Bob is correct. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.
Nancy is correct. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.
Nancy is correct. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk responses. In addition, she has noted the risk response that Bob recommends.

Answer(s): B

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