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2021 Sep PMI-RMP braindumps
Q141. You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than 0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?
A. -$37,500
B. 0.91
C. 0.88
D. 0.80
Answer: B
Q142. John works as a project manager for ABD project. He and his team, are working on the following activities:
Relative ranking or priority list of project risks Watchlists of low priority risk Trends in Qualitative Risk Analysis results
On which of the following processes is John working on?
A. Perform Qualitative Risk Analysis
B. Plan Risk Management
C. Plan Risk Responses
D. Perform Quantitative Risk Analysis
Answer: A
Q143. Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?
A. Quantitative analysis
B. Qualitative analysis
C. Risk distribution
D. Monte Carlo Analysis
Answer: D
Q144. Harold is the project manager of a large project in his organization. He has been actively communicating and working with the project stakeholders. One of the outputs of the manage stakeholder expectations process can actually create new risk events for Harold's project. Which output of the manage stakeholder expectations process can create risks?
A. Project document updates
B. Change requests
C. Organizational process assets updates
D. Project management plan updates
Answer: B
Q145. Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?
A. Avoidance
B. Mitigation
C. Acceptance
D. Transference
Answer: D
Update PMI-RMP sample question:
Q146. Mark works as a project manager for TechSoft Inc. Mark, the project team, and the key project stakeholders have completed a round of qualitative risk analysis. He needs to update the risk register with his findings so that he can communicate the risk results to the project stakeholders - including management. Mark will need to update all of the following information except for which one?
A. Prioritized list of quantified risks
B. Watchlist of low-priority risks
C. Trends in qualitative risk analysis
D. Risks grouped by categories
Answer: A
180. The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?
A. Use of insurance
B. Warranties
C. Life cycle costing
D. Performance bonds
Answer: C
Q147. You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?
A. Achieving customer satisfaction is an assumption and should be documented in the project scope.
B. Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.
C. Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.
D. Achieving customer satisfaction should always map to the quality requirements for the project.
Answer: B
Q148. You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?
A. Qualitative risk analysis
B. Quantitative risk analysis
C. Risk identification
D. Risk response implementation
Answer: B
189. Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
A. Increased understanding or quantification of the system
B. Estimating the average outcome
C. Model development
D. Decision making or the development of recommendations for decision makers
Answer: A,C,D
Q149. You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project $55,000 if the risk happens. What will be the expected monetary value of this risk event?
A. Negative $27,500
B. Zero - the risk event has not yet occurred
C. Negative $26,000
D. Negative $55,000
Answer: A
Q150. You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?
A. Monitor and control project risks
B. Create a risk governance approach
C. Create the project risk register
D. Plan risk responses
Answer: D