PMI Risk Management Professional

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  • Passing Score: 800
  • Time Limit: 120 min
  • File Version: 5.3
  • Q&A: 273
  • Updated October 2020
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Exam Demo

PMI Risk Management Professional

Lisa is the project manager of the SQL project for her company. She has completed the risk response planning with her project team and is now ready
to update the risk register to reflect the risk response. Which of the following statements best describes the level of detail Lisa should include with the
risk responses she has created?
A. The level of detail is set by historical information.
B. The level of detail should correspond with the priority ranking.
C. The level of detail must define exactly the risk response for each identified risk.
D. The level of detail is set of project risk governance.

Correct Answer: B

Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative
risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny
do with these risk events?
A. The events should be entered into qualitative risk analysis.
B. The events should be determined if they need to be accepted or responded to.
C. The events should be entered into the risk register.
D. The events should continue on with quantitative risk analysis.

Correct Answer: C

You work as the project manager for Bluewell Inc. Your project has several risks that will affect several stakeholder requirements. Which project
management plan will define who will be available to share information on the project risks?
A. Risk Management Plan

B. Stakeholder management strategy
C. Resource Management Plan
D. Communications Management Plan

Correct Answer: D

You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is
cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project
stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials.
This risk response of learning how to use the new materials can also be known as what term?
A. Team development
B. Benchmarking
C. Cost of conformance to quality
D. Cost-benefits analysis

Correct Answer: C

Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these
events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk
event. What will Jenny reply to you?
A. Four
B. Three
C. Seven
D. Acceptance is the only risk response for positive risk events.

Correct Answer: A

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