PMI-RMP Free Practice Test

You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project manager will create for implementation if a selected risk strategy fails to be fully effective?

1. A. Mitigation management plan
2. B. Mitigation plan
3. C. Fallback plan
4. D. Risk response plan

Correct Answer: C

You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

1. A. Because of work that was omitted during the WBS creation
2. B. Because of new work generated by the risk responses
3. C. Because of risk responses that are now activities
4. D. Because of risks associated with work packages

Correct Answer: B

Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point of completion. What is the schedule variance for this project?

1. A. -$217,500
2. B. 20 percent
3. C. -$174,000
4. D. -$269,000

Correct Answer: D

Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three separate risk scores. Who is correct in this scenario?

1. A. Harry is correct, because the risk probability and impact considers all objectives of the project.
2. B. Harry is correct, the risk probability and impact matrix is the only approach to risk assessment.
3. C. Sammy is correct, because organizations can create risk scores for each objective ofthe project.
4. D. Sammy is correct, because she is the project manager.

Correct Answer: C

You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

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

Correct Answer: D