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PMI Risk Management Professional Sample Questions (Q145-Q150):
NEW QUESTION # 145
John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?
- A. Risk management plan
- B. Activity duration estimates
- C. Schedule management plan
- D. Activity cost estimates
Answer: B
NEW QUESTION # 146
Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event.
Ben then communicates the risk event and response to management. What risk response has been used here?
- A. Enhance
- B. Transference
- C. Exploit
- D. Sharing
Answer: A
NEW QUESTION # 147
Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.
What recommendation could be implemented to prevent this from recurring?
- A. Use the Monte Carlo simulation.
- B. Conduct more frequent reserve watch list status meetings.
- C. Increase the contingency reserve.
- D. Implement a reserve analysis process.
Answer: B
NEW QUESTION # 148
A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan the scope and divide the project into multiple projects to have better insight into end objectives. As part of the project start up. the project manager is developing the risk planning for the project.
What three artifacts should the project manager consult or review during this process? (Choose three.)
- A. Risk management plan
- B. Code of regulations
- C. Project contracts
- D. Lessons learned registers from analogous projects
- E. Risk register
Answer: A,C,D
Explanation:
Explanation
The project manager should consult or review project contracts, lessons learned registers from analogous projects, and the risk management plan to develop an effective risk planning for the project.
NEW QUESTION # 149
Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?
- A. Project risk management is scheduled for every month in the 18-month project.
- B. At every status meeting the project team project risk management is an agenda item.
- C. Project risk management has been concluded with the project planning.
- D. Project risk management happens at every milestone.
Answer: B
NEW QUESTION # 150
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