PMI PMI-RMP Detail Explanation & PMI-RMP Certification Dumps

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PMI Risk Management Professional Sample Questions (Q21-Q26):

NEW QUESTION # 21
Your organization has named you the project manager of the JKN Project. This project has a BAC of $1,500,000 and it is expected to last 18 months. Management has agreed that if the schedule baseline has a variance of more than five percent then you will need to crash the project. What happens when the project manager crashes a project?

A. Project risks will increase.
B. The amount of hours a resource can be used will diminish.
C. The project will take longer to complete, but risks will diminish.
D. Project costs will increase.

Answer: D

NEW QUESTION # 22
A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register.
How should the risk manager improve collaboration during risk planning?

A. Work with the project manager to develop a start-up workshop and colocate the team if permitted.
B. Create a repository for project documents and related artifacts that can be accessed by all parties.
C. Communicate program metrics to all parties and create a scorecard to measure the effectiveness.
D. Gather risk information from all parties and compile all submissions into a strength, weaknesses, opportunities, and threats (SWOT) analysis template.

Answer: A

NEW QUESTION # 23
Work performance information in control risks means that______________

A. A mechanism to communicate and support project decision making is provided
B. Outcomes of risk reassessments and risk audits are documented
C. Recommended preventive or corrective action is considered through change requests
D. Templates to the risk management plan and the risk register are recommended

Answer: A

Explanation:
All of the answers are outputs in the control risks process, however, work performance information specifically provides a mechanism to communicate and support project decision making.
[Monitoring and Controlling]
PMI®, PMBOK® Guide, 2013, 353-354

NEW QUESTION # 24
You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

A. Crashing can be a type of the enhancing risk response.
B. Crashing is the addition of labor, not a risk response.
C. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
D. Crashing can be a type of the exploit risk response.

Answer: A

NEW QUESTION # 25
In a large industrial business, an on-going system development project faces a previously identified risk. The risk is adequately managed by the risk manager, however there is still residual risk.
What should the risk manager do?

A. Assign a risk owner and set it as high priority and high impact.
B. Update the risk register accordingly and review it in regular project meetings.
C. Accept the risk because residual risks are often low.
D. Ask a subject matter expert (SME) to assess the residual risk and take action.

Answer: D

Explanation:
Decision tree analysis is a technique that uses a graphical representation of various possible outcomes and consequences of different courses of action, based on their probabilities ofoccurrence and associated payoffs or costs. It can help the project team to compare and evaluate the alternatives and choose the optimal one. In this case, the risk manager should use decision tree analysis to help the team members predict the outcomes of their potential choices following their probability of occurrence. Political, economic, social, technological, legal, and environmental (PESTLE) analysis, strengths, weaknesses, opportunities, and threats (SWOT) analysis, and cost-benefit analysis are not techniques that can directly help the team members to predict the outcomes of their potential choices following their probability of occurrence, and are therefore not the best answer. References: PMI Risk Management Professional (PMI-RMP)® Exam Content Outline1, PMI Practice Standard for Project Risk Management2, Risk Management Professional (PMI-RMP)® Cert Guide3

NEW QUESTION # 26
......

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PMI PMI-RMP Detail Explanation & PMI-RMP Certification Dumps

Quiz PMI-RMP - PMI Risk Management Professional Updated Detail Explanation

PMI Risk Management Professional Sample Questions (Q21-Q26):

2025 PMI-RMP Detail Explanation | Reliable PMI PMI-RMP: PMI Risk Management Professional 100% Pass

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