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PMI Risk Management Professional Sample Questions (Q86-Q91):
NEW QUESTION # 86
Jeff works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following are the inputs to the identify risks process that Jeff will use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
- A. Activity cost estimates
- B. Risk management plan
- C. Scope baseline
- D. Risk register
Answer: A,B,C
NEW QUESTION # 87
A project team is presenting a delivery plan to a client. Some of the client's experts do not feel comfortable with some activities at a critical stage. The experts ask to change the plan and present a better alternative.
What should the risk manager do first?
- A. Add additional time to the delivery plan to cover issues.
- B. Create a more detailed work breakdown structure (WBS).
- C. Review and update the project quality management plan.
- D. Conduct a risk assessment process for the critical stage.
Answer: D
Explanation:
If client's experts express discomfort with some activities at a critical stage, the first step for the risk manager is to conduct a risk assessment process for that stage. This assessment will help identify the specific risks associated with the activities in question, evaluate their potential impact, and develop appropriate mitigation strategies. This ensures that the project plan is robust and that all stakeholders are confident in its execution.
NEW QUESTION # 88
Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?
- A. Preventive action
- B. Defect repair
- C. Corrective action
- D. Scope creep
Answer: A
NEW QUESTION # 89
Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
- A. The events should continue on with quantitative risk analysis.
- B. The events should be determined if they need to be accepted or responded to.
- C. The events should be entered into qualitative risk analysis.
- D. The events should be entered into the risk register.
Answer: D
NEW QUESTION # 90
A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.
Which response should the risk manager recommend for these risk items?
- A. Accept
- B. Enhance
- C. Mitigate
- D. Exploit
Answer: A
Explanation:
According to the PMI Risk Management Professional (PMI-RMP)® Examination Content Outline1, one of the tasks in the domain of Risk Response is to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1. One of the strategies for negative risks or threats is risk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action2. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur. Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project3. The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat2. The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats2. The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats2. 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 4363: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 437.
NEW QUESTION # 91
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The PMI PMI-RMP certification exam offers a great opportunity to advance your career. With the PMI Risk Management Professional certification exam beginners and experienced professionals can demonstrate their expertise and knowledge. After passing the PMI Risk Management Professional (PMI-RMP) exam you can stand out in a crowded job market. The PMI Risk Management Professional (PMI-RMP) certification exam shows that you have taken the time and effort to learn the necessary skills and have met the standards in the market.
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