PMI RMP Certification Exam Questions with AI Explanations

QUESTION: 86

You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

Acceptance
Avoidance
Mitigation
Transference

Answer(s): D

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QUESTION: 87

There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

Acceptance
Sharing
Transference
Mitigation

Answer(s): A

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QUESTION: 88

You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?

Assessment information of the stakeholders' major requirements, expectations, and potential influence
Stakeholder classification of their role in the project
Identification information for each stakeholder
Stakeholder management strategy

Answer(s): D

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QUESTION: 89

You are the project manager of the GGK project for your company. The GGK project has a budget of
$1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project.
Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?

The CPI is -$68,960 and the SPI is $63,255.
The CPI is .88 and the SPI is zero.
The CPI is .88 and the SPI is 1.14.
The CPI is 1.14 and the SPI is .88.

Answer(s): C

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QUESTION: 90

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

Pareto modeling
Expected Monetary Value
Analogous modeling
Monte Carlo Technique

Answer(s): D

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QUESTION: 86

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QUESTION: 89

QUESTION: 90