Free PMI-RMP Exam Braindumps

Amy is the project manager for her company. In her current project the organization has a
very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule. What approach can Amy take to create a bias against risks that will affect the schedule of the project?

1. A. She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.
2. B. She can filter all risks based on their affect on schedule versus other project objectives.
3. C. She can have the project team pad their time estimates to alleviate delays in the project schedule.
4. D. She can shift risk-laden activities that affect the project schedule from the critical path as much as possible.

Correct Answer: A

Fred is the project manager of a large project in his organization. Fred needs to begin
planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?

1. A. Variance and trend analysis
2. B. Information gathering techniques
3. C. Planning meetings and analysis
4. D. Data gathering and representation techniques

Correct Answer: C

Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?

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

Correct Answer: D

You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

1. A. Crashing can be a type of the enhancing risk response.
2. B. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
3. C. Crashing can be a type of the exploit risk response.
4. D. Crashing is the addition of labor, not a risk response.

Correct Answer: A

Joyce is the project manager for her company. Joyce and her project team are working through the quantitative analysis for certain risk events within her project. According to the enterprise environmental factors the project manager is to perform sensitivity analysis on any risk with an impact greater than $5,000 in the project. What is the sensitivity analysis?

1. A. It determines which risk events have the most potential impact on the project.
2. B. It uses round of anonymous surveys to predict which events are most likely to happen.
3. C. It uses rounds of anonymous surveys to predict probability and impact.
4. D. It determines possible combinations of risk events to predict overall project success, failure, or probability of achieving project objectives.

Correct Answer: A