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2021 Aug PMI-RMP exam
Q81. Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
A. Sharing
B. Transference
C. Enhance
D. Exploit
Answer: C
Q82. You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose relevancy to the project has passed. What should you do with these events that have not happened and would not happen now in the project?
A. Add the risks to the risk register
B. Add the risks to a low-prioritywatchlist
C. Close the outdated risks
D. Add the risk to the issues log
Answer: C
Q83. You are preparing to start the qualitative risk analysis process for your project. You will be relying on some organizational process assets to influence the process. Which one of the following is NOT a probable reason for relying on organizational process assets as an input for qualitative risk analysis?
A. Studies of similar projects by risk specialists
B. Risk databases that may be available from industry sources
C. Review of vendor contracts to examine risks in past projects
D. Information on prior, similar projects
Answer: C
Q84. Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?
A. Risks in the project should be addressed by their probability for creating risk responses.
B. Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
C. Risks in the project should be addressed by their impact for creating risk responses.
D. Risks in the project should be addressed by their priority for creating risk responses.
Answer: D
Q85. Gary is the project manager of his organization. He is managing a project that is similar to a project his organization completed recently. Gary has decided that he will use the information from the past project to help him and the project team to identify the risks that may be present in the project. Management agrees that this checklist approach is ideal and will save time in the project. Which of the following statement is most accurate about the limitations of the checklist analysis approach for Gary?
A. The checklist analysis approach is fast but it is impossible to build and exhaustive checklist.
B. The checklist analysis approach saves time, but can cost more.
C. The checklist analysis approach only uses qualitative analysis.
D. The checklist is also known as top down risk assessment.
Answer: A
Improved PMI-RMP practice:
Q86. Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?
A. Risk Communication
B. IRGC
C. Risk Response Planning
D. Risk Governance
Answer: D
Q87. You are the project manager of a large project that will last four years. In this project, you would like to model the risk based on its distribution, impact, and other factors. There are three modeling techniques that a project manager can use to include both event-oriented and project-oriented analysis. Which modeling technique does NOT provide event-oriented and project-oriented analysis for identified risks?
A. Sensitivity analysis
B. Jo-Hari Window
C. Expected monetary value
D. Modeling and simulation
Answer: B
Q88. You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events. Which one of the following is NOT a document that will help you identify and communicate risks within the project?
A. Risk register
B. Activity cost estimates
C. Stakeholder register
D. Activity duration estimates
Answer: A
Q89. You work as a project manager for TechSoft Inc. You are preparing to plan risk responses for your project with your project team. How many risk responses are available for a positive risk event in the project?
A. Three
B. Four
C. Seven
D. One
Answer: B
Q90. You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?
A. Risk register
B. Risk log
C. Risk management plan
D. Project management plan
Answer: A
177. You work as a project manager for BlueWell Inc. You have declined a proposed change request because of the risk associated with the proposed change request. Where should the declined change request be documented and stored?
A. Change request log
B. Lessons learned
C. Project archives
D. Project document updates
Answer: A