PMI RMP Certification Exam Questions with AI Explanations

QUESTION: 76

Rachel is the project manager of the KJH Project for her company. She needs a method to create a quick and simple approach to risk identification to communicate the project risk with the stakeholders. Which one of the following approaches to risk identification should Rachel choose to provide a quick and simple listing of the project risks?

Delphi Technique
Checklist analysis
Assumptions analysis
Brainstorming

Answer(s): B

Reveal Solution Next Question

QUESTION: 77

Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?

Avoidance
Exploiting
Accepting
Enhancing

Answer(s): B

Reveal Solution Next Question

QUESTION: 78

Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?

The funds remain in the contingency reserve until all of the risks have passed.
The funds for the risks that have passed and have not happened are transferred to the project budget.
The funds for the risks that have passed and have not happened are released.
The funds remain in the contingency reserve until the project is closed.

Answer(s): C

Reveal Solution Next Question

QUESTION: 79

Frank is a project team member in your project. Frank has been adding changes to the software interface for the software that your project is creating. Because Frank has been adding these features new risks have entered into the project. You elect that these additions should be removed from the project even if it takes extra time and money to remove the features. What are these riskladen features called?

Gold plating
Scope creep
Negative risks
Corrective actions

Answer(s): B

Reveal Solution Next Question

QUESTION: 80

You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution in comparison to the vendor's solution?

Approximately 8 months
Approximately 15 months
Approximately 13 months
Approximately 11 months

Answer(s): D

Reveal Solution Next Question

PMI Risk Management Professional Exam RMP Dumps in PDF

Free PMI RMP Real Questions (page: 16)

QUESTION: 76

QUESTION: 77

QUESTION: 78

QUESTION: 79

QUESTION: 80