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PMI
Exam Questions PMI-RMP
PMI Risk Management Professional

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NEW QUESTION 1
Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the
identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

A. Determination of the true cost of the risk event

B. Probability and Impact Matrix
C. Root cause analysis
D. Interviews or meetings

Answer: D

NEW QUESTION 2
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks,
changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

A. Risk planning
B. Risk identification
C. Risk monitoring and controlling
D. Risk analysis

Answer: C

NEW QUESTION 3
Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project
based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the
savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?

A. Enhance
B. Transference
C. Share
D. Acceptance

Answer: D

NEW QUESTION 4
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

NEW QUESTION 5
You are working with Anna on your project to determine and map the probability distributions of risk within the project. You have indicated that you will use the
uniform
distribution method for a portion of the project. Which part of your project is most likely to have a uniform risk distribution?

A. Late completion stages of a project

B. Project phases that deal with "cutover" technologies
C. Early concept stage of design
D. Project initiating

Answer: C

NEW QUESTION 6
You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital
should the project set aside for the risk contingency reserve?

A. $142,000
B. $41,750
C. $23,750
D. $232,000

Answer: C

NEW QUESTION 7
The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several
pieces of information including all of the following except for which one?

A. Trends in qualitative risk analysis

B. Risk probability-impact matrix

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C. Watchlist of low-priority risks

D. Risks grouped by categories

Answer: B

NEW QUESTION 8
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are
working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the
project manager in this scenario?

A. Risk audits
B. Stakeholder analysis as the project team is a stakeholder
C. Risk identification with the project team
D. Risk analysis

Answer: A

NEW QUESTION 9
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?

A. It is a risk event that is generated due to errors or omission in the project work.
B. It is a risk event that is created by a risk response.
C. It is a risk event that only has a negative side, such as loss of life or limb.
D. It is a risk event that cannot be avoided because of the order of the work.

Answer: C

NEW QUESTION 10
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

NEW QUESTION 10
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands
that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern,
however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you
document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

A. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
B. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
C. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
D. All risks are recorded in the risk management plan.

Answer: A

NEW QUESTION 13
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

NEW QUESTION 17
Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell
Bonny?

A. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
B. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk
management process.
C. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.
D. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.

Answer: B

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NEW QUESTION 20
You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk
management meeting?

A. Assessing the overall status of risks in the project

B. Review of risk responses
C. Assessment or risk
D. The availability of the individual

Answer: D

NEW QUESTION 24
You work as a project manager for BlueWell Inc. Your project is running late and you must respond to the risk. Which risk response can you choose that will also
cause you to update the human resource management plan?

A. Teaming agreements
B. Transference
C. Crashing the project
D. Fast tracking the project

Answer: C

NEW QUESTION 28
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk
management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must
be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?

A. Brainstorming
B. Qualitative analysis
C. Delphi Technique
D. Quantitative analysis

Answer: B

NEW QUESTION 31
David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are
ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of
the following is the best explanation for completing qualitative risk analysis?

A. It is a cost-effective means of establishing probability and impact for the project risks.
B. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.
C. All risks must pass through quantitative risk analysis before qualitative risk analysis.
D. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.

Answer: D

NEW QUESTION 32
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

NEW QUESTION 34
Which of the following processes is described in the statement below? "This is the process of numerically analyzing the effect of identified risks on overall project
objectives."

A. Identify Risks
B. Perform Quantitative Risk Analysis
C. Monitor and Control Risks
D. Perform Qualitative Risk Analysis

Answer: B

NEW QUESTION 39
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

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C. Contingency reserve
D. Risk response plan

Answer: C

NEW QUESTION 44
You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and
technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

A. Impact
B. Risk owner
C. Cost
D. Risk category

Answer: A

NEW QUESTION 49
Which of the following statements describe the purpose of an Issue Log? Each correct answer represents a complete solution. Choose all that apply.

A. It analyzes the impact that the issue is having on the project.

B. It tracks the actions taken to resolve the issue.
C. It tracks the outcome of the actions taken.
D. It addresses the risks that could affect the project.

Answer: ABC

NEW QUESTION 54
You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to
update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

A. Because of work that was omitted during the WBS creation

B. Because of new work generated by the risk responses
C. Because of risk responses that are now activities
D. Because of risks associated with work packages

Answer: B

NEW QUESTION 58
In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things
for a project. Which one of the following is NOT a determination that is made by the risk monitoring and
controlling process?

A. Determines if the project assumptions are still valid

B. Determines if the risk management policies and procedures are being followed
C. Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment
D. Determines if the project constraints are still valid

Answer: D

NEW QUESTION 59
You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project
manager will create for implementation if a selected risk strategy fails to be fully effective?

A. Mitigation management plan

B. Mitigation plan
C. Fallback plan
D. Risk response plan

Answer: C

NEW QUESTION 62
There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or
negative risk events depending on the scenario in the project?

A. Avoidance
B. Acceptance
C. Sharing
D. Transference

Answer: B

NEW QUESTION 67
Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project
must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save
$75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

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A. Share
B. Mitigation
C. Exploit
D. Enhance

Answer: C

NEW QUESTION 71
When does the Identify Risks process take place in a project?

A. At the Planning stage.

B. Throughout the project life-cycle.
C. At the Initiating stage.
D. At the Executing stage.

Answer: B

NEW QUESTION 74
You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are
planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?

A. Cause-and-effect diagrams
B. Project network diagrams
C. Delphi Technique
D. Decision tree analysis

Answer: D

NEW QUESTION 79
Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project
team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not
three separate risk scores. Who is correct in this scenario?

A. Harry is correct, because the risk probability and impact considers all objectives of the project.
B. Harry is correct, the risk probability and impact matrix is the only approach to risk assessment.
C. Sammy is correct, because organizations can create risk scores for each objective ofthe project.
D. Sammy is correct, because she is the project manager.

Answer: C

NEW QUESTION 81
You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the
qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires
management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude
and bias of the participants towards the project risk?

A. Evaluate and document the bias towards the risk events

B. Evaluate the bias through SWOT for true analysis of the risk events
C. Document the bias for the risk events and communicate the bias with management
D. Evaluate the bias towards the risk events and correct the assessment accordingly

Answer: D

NEW QUESTION 86
There are five outputs of the risk monitoring and controlling process. Which one of the following is NOT an output of the process?

A. Organizational process assets updates

B. Risk register updates
C. Vendor contracts
D. Change requests

Answer: C

NEW QUESTION 87
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000
window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States.
Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window
units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the
schedule. What risk response has management asked Harry to implement?

A. Mitigation
B. Acceptance
C. Avoidance
D. Transference

Answer: A

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NEW QUESTION 91
Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the
project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?

A. No, change requests should not address risks, only risk response strategies should be issued.
B. No, change requests should not address pending risks, but only scope changes.
C. Yes, change requests can be recommended for corrective actions for contingency plans.
D. Yes, change requests can ask for additional funds to pay for the risk impact.

Answer: C

NEW QUESTION 95
You are the project manager of the HQQ Project for your company. You are working with your project stakeholders to discuss the risks in the project that can
adversely affect the project objectives. You are discussing the possibilities of causes for an identified risk event in your project. Your stakeholder is confused on the
difference between causes and risk events. Which of the following is NOT an example of a cause for a project risk?

A. Limited team members to complete the project work

B. Quality assurance programs within the company
C. Work permit requirements
D. Schedule constraints on the project

Answer: B

NEW QUESTION 97
You are the project manager of the HJU project for your company. This project will last for 18 months and has a project budget of $567,000. Robert, one of your
stakeholders, has introduced a scope change request that will likely have an impact on the project costs and schedule. Robert assures you that he will pay for the
extra time and costs associated with the risk event. You tell Robert that the change request may affect more areas of the project than just time and cost and that
you are worried about the additional risks the change request will bring. What project management component is responsible for evaluating a change request and
its impact on all of the project management knowledge areas?

A. Project change control system

B. Integrated change control
C. Risk analysis
D. Configuration management

Answer: B

NEW QUESTION 100

You are the program manager for your organization. Management is considering a new program but they are worried about the program risks that may affect the
program success. You know that there are three positive risks responses and three negative risk responses that each risk can have. Management asks you which
risk response would be most appropriate for a large risk event if they wanted to hire a third-party to own the risk event for the program. What risk event is most
appropriate?

A. Avoidance
B. Sharing
C. Transference
D. Mitigation

Answer: C

NEW QUESTION 101

You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following
figure:
If Risk D happens in this project, how much will be left in the contingency reserve?

A. $440,000
B. $233,500
C. $258,500
D. $243,500

Answer: B

NEW QUESTION 103

Thomas is the project manager of the NHJ Project for his company. He has identified several positive risk events within his project and he thinks these events can
save the project time and money. Positive risk events, such as these within the NHJ Project are also known as what?

A. Benefits
B. Opportunities
C. Ancillary constituent components
D. Contingency risks

Answer: B

NEW QUESTION 105

Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project.
Holly has faxed the status report to her project client for their review. Based on the standard communication model, which component in this scenario is the
decoder?

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A. Project customer
B. Telephone wire
C. Holly
D. Project customer's fax machine

Answer: D

NEW QUESTION 108

You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you
have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans?

A. Executing
B. Planning
C. Monitoring and Controlling
D. In any process group where the risk event resides

Answer: C

NEW QUESTION 109

You work as a project manager for BlueWell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decided, with
your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project which of the following are likely to
increase?

A. Costs
B. Quality control concerns
C. Human resource needs
D. Risks

Answer: D

NEW QUESTION 113

You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than
traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be
able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to
use the new materials can also be known as what term?

A. Team development
B. Benchmarking
C. Cost of conformance to quality
D. Cost-benefits analysis

Answer: C

NEW QUESTION 115

You are the project manager of QSL project for your organization. You are working with your project team and several key stakeholders to create a diagram that
shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique are you using as a part of
the risk identification process?

A. Predecessor and successor diagramming

B. System or process flowcharts
C. Cause and effect diagrams
D. Influence diagrams

Answer: B

NEW QUESTION 116

Frances is the project manager of a project in her organization. This project has a budget of $567,000 and is schedule to last for three years. Frances wants to
examine the risk events to determine which risk events have the most potential impact on the project. Which modeling technique can help Frances to accomplish
this goal?

A. Expected monetary value

B. Sensitivity analysis
C. Quantitative risk analysis
D. Modeling and simulation

Answer: B

NEW QUESTION 121

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

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Answer: A

NEW QUESTION 123

You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than
0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has
spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

A. 1.06
B. 0.92
C. -$30,647
D. 0.93

Answer: D

NEW QUESTION 124

Which of the following processes must be repeated after Plan Risk Responses, as well as part of the Monitor and Control Risks, to determine if the overall project
risk has been satisfactorily decreased?

A. Risk Limitation
B. Perform Qualitative Risk Analysis
C. Identify Risk
D. Perform Quantitative Risk Analysis

Answer: D

NEW QUESTION 127

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional
manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project
in this scenario?

A. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
B. You will need the risk register, risk management plan, cost management plan, schedulemanagement plan, and any relevant organizational process assets.
C. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
D. Quantitative risk analysis does not happen through the project manager in a functional structure.

Answer: B

NEW QUESTION 132

You work as the project manager for Bluewell Inc. Your project has several risks that will affect several stakeholder requirements. Which project management plan
will define who will be available to share information on the project risks?

A. Risk Management Plan

B. Stakeholder management strategy
C. Resource Management Plan
D. Communications Management Plan

Answer: D

NEW QUESTION 136

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

NEW QUESTION 138

Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative
risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines
what quantitative risk analysis will review?

A. The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.
B. The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.
C. The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.
D. The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.

Answer: C

NEW QUESTION 141

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

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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

NEW QUESTION 146

You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In
which of the following processes are you on?

A. Define Scope
B. Plan Risk Responses
C. Plan Risk Management
D. Identify Risks

Answer: D

NEW QUESTION 148

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. Estimating the average outcome

B. Model development
C. Decision making or the development of recommendations for decision makers
D. Increased understanding or quantification of the system

Answer: BCD

NEW QUESTION 152

Bill is the project manager for a project that will last six months and has a budget of $580,000. In this project a high-risk has been identified with the new materials
the project will be using. Bill would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the authority to respond to the risk event
if it appears in the risk events that is likely to happen. In addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is the risk
response owner?

A. Bill, because he is the project manager

B. Beth, because she has the authority to respond to the risk event
C. Beth and the consultant are the risk owners
D. The consultant working with Beth, because this is transference

Answer: B

NEW QUESTION 155

Amy is the project manager for her company. In her current project the organization has a
very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule.
What approach can Amy take to create a bias against risks that will affect the schedule of the project?

A. She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.
B. She can filter all risks based on their affect on schedule versus other project objectives.
C. She can have the project team pad their time estimates to alleviate delays in the project schedule.
D. She can shift risk-laden activities that affect the project schedule from the critical path as much as possible.

Answer: A

NEW QUESTION 158

There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?

A. Risk register
B. Risk management plan
C. Cost management plan
D. Enterprise environmental factors

Answer: D

NEW QUESTION 160

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

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Answer: D

NEW QUESTION 164

Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk
event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project
customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the
project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?

A. Mitigation
B. Transference
C. Acceptance
D. Avoidance

Answer: D

NEW QUESTION 169

Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut
down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the
temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?

A. Risk response
B. Risk event
C. Risk trigger
D. Risk identification

Answer: C

NEW QUESTION 171

You are the project manager for the NHQ Project. This project requires that you install 140 copies of design software onto your department's computers. The
vendor offers you a twenty percent discount on the software if your company will purchase 150 or more copies
of the software. You communicate this offer with other departments in your firm to see if anyone else would need 10 copies of the software to save your project a
significant amount of funds. What is this risk response called?

A. Exploiting
B. Avoidance
C. Sharing
D. Transference

Answer: C

NEW QUESTION 172

You are the project manager for BlueWell Inc. Your current project is a high priority and high profile project within your organization. You want to identify the project
stakeholders that will have the most power in relation to their interest on your project. This will help you plan for project risks, stakeholder management, and
ongoing communication with the key stakeholders in your project. In this process of stakeholder analysis, what type of a grid or model should you create based on
these conditions?

A. Stakeholder power/interest grid

B. Influence/impact grid
C. Salience model
D. Stakeholder register

Answer: A

NEW QUESTION 174

You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of
your preparation for
identifying the risks within the project you will need eleven inputs for the process. Which one of the following is NOT an input to the risk identification process?

A. Quality management plan

B. Cost management plan
C. Stakeholder register
D. Procurement management plan

Answer: D

NEW QUESTION 179

You are the project manager of the NHQ project for your company. You are working with your project team to complete a risk audit. A recent issue that your project
team responded to, and management approved, was to increase the project schedule because there was risk surrounding the installation time of a new material.
Your logic was that with the expanded schedule there would be time to complete the installation without affecting downstream project activities. What type of risk
response is being audited in this scenario?

A. Parkinson's Law
B. Mitigation
C. Avoidance
D. Lag Time

Answer: C

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NEW QUESTION 184

You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage
the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The
vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution
in comparison to the vendor's solution?

A. Approximately 8 months
B. Approximately 15 months
C. Approximately 13 months
D. Approximately 11 months

Answer: D

NEW QUESTION 187

Fill in the blank with an appropriate phrase.
_____ is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of
variation in the input of a model.

A. Sensitivity analysis

Answer: A

NEW QUESTION 190

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

NEW QUESTION 195

What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?

A. Risk analysis plan

B. Staffing management plan
C. Human resource management plan
D. Risk management plan

Answer: D

NEW QUESTION 197

......

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