PMI-RMP Questions Pass on Your First Attempt Dumps for PMI Certification Certified
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NEW QUESTION 52
Mark works as a project manager of the NNH project. In this project, he has created a contingency response that the cost performance index should be less than 0.91. The NHH project has a budget at completion of
$950,000 and is 43 percent complete - though the project should be 50 percent complete. The project has spent $470,897 to reach the 43 percent complete milestone. What is the project's cost performance index?
- A. 0.80
- B. 0.95
- C. 0.87
- D. 0.91
Answer: C
NEW QUESTION 53
You are the project manager of the NHH Project for your company and you have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Now, you would like to assign risk owners to the events. Which risk events should have risk response owners?
- A. Each risk that has a risk response should have a risk response owner
- B. Only the risks with a high risk rating
- C. Each agreed-to and funded risk response should have a risk response owner
- D. Only the risk events that are considered a negative risk event with a high risk rating
Answer: C
NEW QUESTION 54
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. Work permit requirements
- B. Quality assurance programs within the company
- C. Limited team members to complete the project work
- D. Schedule constraints on the project
Answer: B
NEW QUESTION 55
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. Risk databases that may be available from industry sources
- B. Information on prior, similar projects
- C. Review of vendor contracts to examine risks in past projects
- D. Studies of similar projects by risk specialists
Answer: C
NEW QUESTION 56
A project team is conducting initial risk planning. What other risk-related task should the project manager perform?
- A. Prioritizing the risks in the risk register
- B. Determining the risk register headings
- C. Identifying the risk threshold
- D. Scoring the risks utilizing the risk matrix
Answer: C
NEW QUESTION 57
Which positive risk response best describes a teaming agreement?
- A. Enhance
- B. Share
- C. Venture
- D. Exploit
Answer: B
NEW QUESTION 58
During a major project review, the project manager discovers that large groups of internal management issues are obstructing progress. In reviewing the risk management plan, the project risk categories largely contain technical and customer relationship type risks. The project manager wants the risk management plan revised to account for these risk areas, particularly because the project has several more months before completion.
Who should the project manager collaborate with to revise the risk management plan at this stage of the project?
- A. Risk manager, risk owners, and project sponsor
- B. Risk manager, technical manager, and customers
- C. Risk manager, product owner, and risk owners
- D. Project sponsor, product owner, and risk owners
Answer: D
NEW QUESTION 59
Pete works as a project manager for BlueWell Inc. The Management has told him that he must implement an agreed-upon contingency response if the cost performance index in his project is less than 0.90. Consider that Pete's project has a budget at completion of $275,000. His project is 65 percent complete and he has spent $175,000 to date. However, Pete is scheduled to be 78 percent complete. What is the cost performance index for this project to determine if the
contingency response should happen?
- A. 0.96
- B. 0.89
- C. 1.02
- D. 0.90
Answer: C
NEW QUESTION 60
In the country where a project is being executed, customs procedures are complex and change frequently.
During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to project cancellation.
Why should a mitigation plan be developed for this risk?
- A. This task is on the critical path.
- B. A response plan should be developed for all risks.
- C. This is a financial risk.
- D. This is a high-priority risk.
Answer: D
NEW QUESTION 61
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 monitoring and controlling
- B. Risk analysis
- C. Risk identification
- D. Risk planning
Answer: A
NEW QUESTION 62
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. -$30,647
- B. 1.06
- C. 0.92
- D. 0.93
Answer: D
NEW QUESTION 63
Mary is a project manager in her organization. On her current project she is working with her project team and other key stakeholders to identify the risks within the project. She is currently aiming to create a comprehensive list of project risks so she is using a facilitator to help generate ideas about project risks.
What risk identification method is Mary likely using?
- A. Expert judgment
- B. Checklist analysis
- C. Brainstorming
- D. Delphi Techniques
Answer: C
NEW QUESTION 64
Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?
- A. Establish definitions of the level of probability and impact of risk event
- B. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
- C. Determine the risk root cause rather than the person identifying the risk events
- D. Establish risk boundaries
Answer: A
NEW QUESTION 65
Eric is the project manager of the MTC project for his company. In this project a vendor has offered Eric a sizeable discount on all hardware if his order total for the project is more than $125,000. Right now, Eric is likely to spend $118,000 with vendor. If Eric spends $7,000 his cost savings for the project will be $12,500, but he cannot purchase hardware if he cannot implement the hardware immediately due to organizational policies.
Eric consults with Amy and Allen, other project managers in the organization, and asks if she needs any hardware for their projects. Both Amy and Allen need hardware and they agree to purchase the hardware through Eric's relationship with the vendor. What positive risk response has happened in this instance?
- A. Exploiting
- B. Transference
- C. Enhancing
- D. Sharing
Answer: D
NEW QUESTION 66
You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project.
Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
- A. Risk avoidance
- B. Risk-reward mentality
- C. Risk utility function
- D. Mitigation-ready project management
Answer: C
NEW QUESTION 67
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 shift risk-laden activities that affect the project schedule from the critical path as much as possible.
- B. She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.
- C. She can have the project team pad their time estimates to alleviate delays in the project schedule.
- D. She can filter all risks based on their affect on schedule versus other project objectives.
Answer: B
NEW QUESTION 68
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