PMI PMI-RMP Practice Test - Questions Answers, Page 22

A risk manager has noticed that response actions are not working as expected when a risk occurs, mainly because the risk triggers are not well-defined. Which tool should the risk manager use to facilitate risk trigger identification in the upcoming risk review assessment?

A risk manager for a new product development project has worked diligently with stakeholders and the project team to identify and document risks. These project risks vary widely in probability and Impact.

Which three actions should the risk manager take to Inform the Identification of resource requirements for individual risk responses? (Choose 3)

After completing the risk register, many team members feel there Is a lack of time prioritization for one of the identified risks. What are the team members referring to?

A project team is discussing which risk requires more attention and resources for response planning. The team evaluated the schedule to determine which activity had the greatest impact on the project's total duration

After analyzing the quantitative analysis results, which activity should the team pay more attention to?

Use the chart for the analysis.

A risk management team has completed a quantitative analysis, and the individual score in terms of schedule and cost has been identified. The team is consolidating inputs for contingency planning and notices that the available time and funds are not sufficient for all the risks.

What should the risk manager advise the project team?

What should the risk owner use as an effective information-gathering technique during the planning session?

A risk manager has been assigned to a project in a company that Is undergoing a significant cultural and organizational change. The risk manager will start planning risk management activities with stakeholders but is unsure with whom to engage.

What should the risk manager do?

A highly complex project is about to start. Considering that many changes and new information will arise as the work moves forward, key stakeholders are anxious about not addressing risks on time.

What should the risk manager do in this situation?

A project manager has requested the risk manager's support in deciding whether to purchase a new component to expedite project execution. The component price is USS100.000 and there Is a 30% chance that it might not function as expected, resulting in an additional US$50,000 cost. However, if the component does work well, the project will make a profit of US$500,000 If the component Is not purchased, there is an 80% chance of failure with an impact of US$250,000

What should the risk manager recommend?