Free PMI-RMP Exam Braindumps

You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

1. A. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
2. B. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
3. C. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
4. D. All risks are recorded in the risk management plan.

Correct Answer: A

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

Todd is the project manager of the EST project for his company. His organization has established certain rules in the enterprise environmental factors which affect the approach that Todd takes in managing his project. One of the rules requires Todd to consider the risk attitude of the stakeholders participating in risk analysis. Why must risk attitude be considered as a part of risk analysis?

1. A. Risk attitude can affect the measurement of probability and impact.
2. B. Risk attitude can establish a stakeholder's influence over project decisions.
3. C. Risk attitude identifies stakeholders that are hygiene seekers or motivation seekers.
4. D. Risk attitude establishes stakeholders as positive or negative stakeholders.

Correct Answer: A

Joan is the project manager of the KYU project for her company. She is working with management on defining a contingency reserve for her project. Currently the project is scheduled to last 18 months and it has a cost budget of $2.5 million. What two areas of the project can the contingency reserve address in regard to risk management?

1. A. Quality and costs
2. B. Cost and resource management
3. C. Risk and project planning
4. D. Costs and schedule

Correct Answer: D

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

1. A. Transference
2. B. Mitigation
3. C. Exploit
4. D. Enhance

Correct Answer: D