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| Section | Objectives |
|---|---|
| Topic 1: Risk Strategy and Planning | - Stakeholder Engagement in Risk - Risk Management Planning |
| Topic 2: Risk Monitoring and Control | - Risk Audits and Reviews - Risk Reporting and Communication |
| Topic 3: Risk Analysis | - Quantitative Risk Analysis - Qualitative Risk Analysis |
| Topic 4: Risk Response Planning | - Threat Response Strategies - Opportunity Response Strategies |
| Topic 5: Risk Identification | - Overall Project Risk Identification - Identifying Individual Risks |
>> PMI-RMP Exam Questions And Answers <<
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NEW QUESTION # 36
Which of the following represents levels of risk attitude?
Answer: C
NEW QUESTION # 37
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?
Answer: B
NEW QUESTION # 38
The project's customer has stated the project must be completed by a date indicated as the P90 date established on the Monte Carlo analysis. What should the project manager do to ensure the P90 date is met?
Answer: C
Explanation:
Explanation
The project manager should mitigate risks identified on the sensitivity analysis to ensure the P90 date is met.
Sensitivity analysis helps identify the most critical risks that have the potential to impact the project's completion date. By mitigating these risks, the project manager can increase the likelihood of meeting the P90 date.
NEW QUESTION # 39
A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?
Answer: A
Explanation:
After analyzing the information collected from individual project team members, the risk manager's primary output is an updated risk register. The risk register is a key document in risk management, containing all identified risks, their analysis, and the planned responses. As new information is gathered and analyzed, the risk register is updated to reflect the current status of each risk, any changes in their probability or impact, and any adjustments to the risk response plans.
PMI emphasizes that the risk register should be continually updated throughout the project to ensure that all risks are properly managed and documented.
NEW QUESTION # 40
When selecting strategies as an activity of Plan Risk Response, what is the overall goal?
Answer: D
Explanation:
The overall goal of selecting strategies during the Plan Risk Response activity is to choose those strategies that have the greatest overall positive influence on the project, considering factors such as cost, schedule, and resources.
According to the PMI Risk Management Professional (PMI-RMP)® Examination Content Outline1, one of the tasks in the domain of Risk Response is to select risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1. The overall goal of selecting risk response strategies is to select the strategies with the greatest overall positive influence on the project objectives, such as scope, schedule, cost, quality, etc. The risk response strategies should aim to enhance the opportunities and reduce the threats to the project, while considering the cost-benefit analysis, the feasibility, and the alignment with the project goals and stakeholder expectations2. The risk response strategies should not be selected based on the least overall impact to resources, because that may not be the mosteffective or efficient way to address the risks, and itmay ignore the potential benefits of some strategies that may require more resources but also deliver more value3. The risk response strategies should not be selected based on the least financial impact, because that may not be the most relevant or comprehensive criterion to evaluate the risks, and it may overlook other aspects of the project, such as quality, customer satisfaction, reputation, etc. that may also be affected by the risks4. The risk response strategies should not be selected based on the greatest benefit to stakeholders, because that may not be the most realistic or achievable goal, and it may create conflicts or trade-offs among different stakeholder groups that may have different or competing interests, needs, and expectations5. References: 1: PMI Risk Management Professional (PMI-RMP)® Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 4403: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 4414: AGuide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 4425: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 518.
NEW QUESTION # 41
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