PMI-RMP Free Practice Test

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?

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

Correct Answer: C

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?

1. A. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
2. B. Determine the risk root cause rather than the person identifying the risk events
3. C. Establish risk boundaries
4. D. Establish definitions of the level of probability and impact of risk event

Correct Answer: D

You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule 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 schedule performance index?

1. A. -$37,800
2. B. 0.93
3. C. 0.92
4. D. 1.06

Correct Answer: C

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?

1. A. Actual costs and schedule delays of risk events.
2. B. Actual outcomes of risk management duties by the project team.
3. C. Actual cost of risk events.
4. D. Actual outcomes of the project's risks and of the risk responses.

Correct Answer: D

Which risk response is acceptable for both positive and negative risk events?

1. A. Transferring
2. B. Acceptance
3. C. Sharing
4. D. Enhancing

Correct Answer: B