PMI RMP Dumps PDF Free Download - Page: 7

QUESTION: 31

Which one of the following is the only output for the qualitative risk analysis process?

Enterprise environmental factors
Project management plan
Risk register updates
Organizational process assets

Answer(s): C

Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is calculated during quantitative risk analysis. He is worried about the risk exposure which is too low for the events surrounding his project requirements. How is the risk exposure calculated?

The risk exposure of a risk event is determined by historical information.
The probability of a risk event times the impact of a risk event determines the true risk exposure.
The probability of a risk event plus the impact of a risk event determines the true risk exposure.
The probability and impact of a risk event are gauged based on research and in-depth analysis.

Answer(s): B

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QUESTION: 33

You are the project manager of the YHG project for your company. Within the project, you and the project team have identified a risk event that could have a financial impact on the project of $450,000. This risk event has a 70 percent chance of occurring in the project. The project identifies a solution that will reduce the probability of the risk event to ten percent, but it will cost $260,000 to implement. Management agrees with the solution and asks that you include the risk response in the project plan. What risk response is this?

This is mitigation because the response reduces the probability.
This is not a risk response, but a change request.
This is transference because of the $260,000 cost of the solution.
This is avoidance because the risk response caused the project plan to be changed.

Answer(s): A

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QUESTION: 34

You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

Mitigation-ready project management
Risk utility function
Risk avoidance
Risk-reward mentality

Answer(s): B

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QUESTION: 35

You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

Establish the definitions of the levels of probability and impact
Provide iterations of risk analysis for true reflection of a risk probability and impact
Isolate the stakeholders by project phases to determine their risk bias
Involve all stakeholders to vote on the probability and impact of the risk events

Answer(s): A

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QUESTION: 35