PMI-RMP PMI Risk Management Professional Practice Test Set 9

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?


Options are :

  • 0.93 (Correct)
  • 0.92
  • 1.06
  • -$30,647

Answer : 0.93

As a part of monitoring and controlling the project, the project manager should update the risk
register. The project manager should update the risk register with information on risk
reassessment, risk audits, and periodic risk reviews. What other information should the project
manager update the risk register with?


Options are :

  • Actual cost of risk events.
  • Actual outcomes of the project's risks and of the risk responses. (Correct)
  • Actual costs and schedule delays of risk events.
  • Actual outcomes of risk management duties by the project team.

Answer : Actual outcomes of the project's risks and of the risk responses.

Harry works as a project manager for BlueWell Inc. He is determining how to conduct the risk
management activities for a project. According to the PMBOK, there are six inputs to the plan risk
management process. Which one of the following is NOT an input to this process?


Options are :

  • Project scope statement
  • Cost management plan
  • Schedule management plan
  • Risk management plan (Correct)

Answer : Risk management plan

Which of the following components ensures that risks are examined for all new proposed change
requests in the change control system?


Options are :

  • Configuration management
  • Scope change control
  • Risk monitoring and control
  • Integrated change control (Correct)

Answer : Integrated change control

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?


Options are :

  • Impact (Correct)
  • Risk category
  • Risk owner
  • Cost

Answer : Impact

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.


Options are :

  • Because of work that was omitted during the WBS creation
  • Because of risk responses that are now activities
  • Because of new work generated by the risk responses (Correct)
  • Because of risks associated with work packages
  • None

Answer : Because of new work generated by the risk responses

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?


Options are :

  • Risk management plan
  • Project management plan
  • Risk log
  • Risk register (Correct)

Answer : Risk register

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?


Options are :

  • Define Scope
  • Plan Risk Management
  • Plan Risk Responses
  • Identify Risks (Correct)

Answer : Identify Risks

You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk
analysis process for your project. You can use three available tools and techniques to complete
this process. Which one of the following is NOT a tool or technique that is appropriate for the
quantitative risk analysis process?


Options are :

  • Expert judgment
  • Organizational process assets (Correct)
  • Quantitative risk analysis and modeling techniques
  • Data gathering and representation techniques

Answer : Organizational process assets

You are the project manager of the NHQ Project for your company. You are discussing some of
the project issues that need to be resolved in the project. You and the project stakeholders come
to an agreement about the risk issues and how they will be resolved. Where should you document
this information for issue resolution?


Options are :

  • Risk response plan
  • Project management plan for execution
  • Issue log (Correct)
  • Lessons learned documentation

Answer : Issue log

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