PMI-RMP Free Practice Test

Consider the risk probability-impact matrix in the figure given below:
If Risk B happens in this project, how much will be left in the contingency reserve?

1. A. $193,500
2. B. -$334,500
3. C. It depends on the total budget of the project.
4. D. $148,300

Correct Answer: A

Which of the following processes must be repeated after Plan Risk Responses, as well as part of the Monitor and Control Risks, to determine if the overall project risk has been satisfactorily decreased?

1. A. Risk Limitation
2. B. Perform Qualitative Risk Analysis
3. C. Identify Risk
4. D. Perform Quantitative Risk Analysis

Correct Answer: D

You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than 0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?

1. A. -$37,500
2. B. 0.91
3. C. 0.88
4. D. 0.80

Correct Answer: B

Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?

1. A. Transference
2. B. Avoidance
3. C. Contractual
4. D. Mitigation

Correct Answer: A

Which of the following statements describe the purpose of an Issue Log? Each correct answer represents a complete solution. Choose all that apply.

1. A. It analyzes the impact that the issue is having on the project.
2. B. It tracks the actions taken to resolve the issue.
3. C. It tracks the outcome of the actions taken.
4. D. It addresses the risks that could affect the project.

Correct Answer: ABC