PMI-RMP Free Practice Test

Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

1. A. It helps the project team realize the areas of the project most laden with risks.
2. B. It saves time by collecting the related resources, such as project team members, to analyze the risk events.
3. C. It can lead to developing effective risk responses.
4. D. It can lead to the creation of risk categories unique to each project.

Correct Answer: C

You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?

1. A. Qualitative risk analysis does not happen through the project manager in a functional structure.
2. B. You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.
3. C. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
4. D. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

Correct Answer: B

Frank is a project team member in your project. Frank has been adding changes to the software interface for the software that your project is creating. Because Frank has been adding these features new risks have entered into the project. You elect that these additions should be removed from the project even if it takes extra time and money to remove the features. What are these riskladen features called?

1. A. Gold plating
2. B. Scope creep
3. C. Negative risks
4. D. Corrective actions

Correct Answer: B

You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?

1. A. Monitor and control project risks
2. B. Create a risk governance approach
3. C. Create the project risk register
4. D. Plan risk responses

Correct Answer: D

Bill is the project manager for a project that will last six months and has a budget of $580,000. In this project a high-risk has been identified with the new materials the project will be using. Bill would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the authority to respond to the risk event if it appears in the risk events that is likely to happen. In addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is the risk response owner?

1. A. Bill, because he is the project manager
2. B. Beth, because she has the authority to respond to the risk event
3. C. Beth and the consultant are the risk owners
4. D. The consultant working with Beth, because this is transference

Correct Answer: B