PMI-RMP V1

A project manager is assigned to a new project and is told they need to develop the project's risk register. When should the project manager identify the project risks?A . Identify risks only at the project's midpoint for the stakeholders to review themB . Ensure project team members proactively identify...

An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for...

The project sponsor asks the project manager about the accuracy of the project data. The project manager realizes that some risks have not been updated recently . What should the project manager do regarding those risks?A . Review the assumptions analystsB . Conduct a checklist analysis on each riskC ....

The project manager wants to use an objective method to evaluate the key project risks and develop response plans. What action should the risk manager propose?A . Ask the team to perform an earned value analysis.B . Review the lessons learned from other projects.C . Ask the team to prepare...

During the monthly executive review meeting, the project sponsor would like to understand how the project team has planned to manage risks that were identified in the last meeting . What should the project manager do?A . Utilize a Monte Carlo assessment to provide risk related impacts.B . React to...

A risk manager completed risk response planning for a project that is currently in the execution phase. During a periodic review of the risk register, the project manager recognizes that some key secondary risks have not been considered. Who should the project manager hold accountable for missing the risks?A ....

After a number of risk workshops, risks have been identified . Which is the first element the risk owner should look for in the response plan to help mitigate the risks?A . Probability of a response triggering a secondary riskB . How the response will affect the quality of the...

A mega facility development project is evaluating some options to achieve the project schedule and budget. Each option's success is driven by multiple quantifiable factors. What should the project manager do to evaluate and select the best option based on costs and probabilities?A . Perform a FMECA fault tree analysisB...

A home solar panel project has many internal and external stakeholders including households, businesses, community groups, electric utility companies, local government officials, landlords, and investors . What should the project manager do when engaging stakeholders?A . Include all stakeholders in the project's governance.B . Communicate response strategies to all stakeholders.C...

The project manager has completed four projects all with similar scope. The project manager has recently been assigned to start on a new project and believes some risks may occur again on this project. What should the project manager do?A . Implement the risk response strategies into the risk plan.B...