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Q61. You are the project manager of RTF project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows causal factors for an effect to be solved. What diagramming technique are you using as a part of the risk identification process?
A. Cause and effect diagrams
B. System or process flow charts
C. Predecessor and successor diagramming
D. Influence diagrams
Answer: A
Q62. You are the project manager of the GHG project. You are preparing for the quantitative risk
analysis process. You are using organizational process assets to help you complete the
quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize
organizational process assets as a part of the quantitative risk analysis process?
A. You will use organizational process assets for risk databases that may be available from
industry sources.
B. You will use organizational process assets for studies of similar projects by risk specialists.
C. You will use organizational process assets to determine costs of all risks events within the
current project.
D. You will use organizational process assets for information from prior similar projects.
Answer: C
Q63. Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?
A. It helps to identify those risks for which specific responses are needed.
B. It is a limit of the funds that can be assigned to risk events.
C. It is a warning sign that a risk event is going to happen.
D. It is a study of the organization's risk tolerance.
Answer: A
Q64. Holly is the project manager of the NHQ project for her company. Her project sponsor, Tracy, has requested that Thomas, the department manager, from the Risk Management Department, will work with Holly to determine the effectiveness of the risk responses. Tracy and Thomas are concerned that some of the risks within Holly's project may not be addressed to depth they would like. In this scenario, who is responsible for ensuring that risk audits are performed at an appropriate frequency throughout the project?
A. Thomas
B. Tracy
C. The project team
D. Holly
Answer: D
128. You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project? Each correct answer represents a complete solution. Choose all that apply.
A. Organizational process assets
B. Cost management plan
C. Project scope statement
D. Risk register
Answer: A,C,D
Q65. You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?
A. It is a risk that can not be addressed by a risk response.
B. It is a risk that will remain no matter what type of risk response is offered.
C. It is a risk that remains because no risk response is taken.
D. It is a risk that remains after planned risk responses are taken.
Answer: D
Update PMI-RMP free question:
Q66. Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?
A. Delphi technique
B. Isolated pilot groups
C. SWOT analysis
D. Root cause analysis
Answer: A
Q67. Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?
A. Risk register
B. Risk low-level watch list
C. Project scope statement
D. Project charter
Answer: A
201. Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?
A. Risk response
B. Quantitative analysis
C. Contingency reserve
D. Risk response plan
Answer: C
Q68. You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?
A. Establish the definitions of the levels of probability and impact
B. Provide iterations of risk analysis for true reflection of a risk probability and impact
C. Isolate the stakeholders by project phases to determine their risk bias
D. Involve all stakeholders to vote on the probability and impact of the risk events
Answer: A
Q69. 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?
A. Pareto modeling
B. Expected Monetary Value
C. Analogous modeling
D. Monte Carlo Technique
Answer: D
Q70. Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?
A. Transference
B. Mitigation
C. Exploit
D. Enhance
Answer: D