PMI PMI-RMP Practice Test - Questions Answers, Page 25

A project with impending risks has 12 deliverables as subprojects which will be executed in three different locations involving multiple stakeholders. What should the risk manager do to organize the prevailing risks?

In the early stages of a manufacturing project a risk manager has identified a risk with a component provided by an external supplier that might be delayed. The delay may or may not be significant to the project.

What should the risk manager do?

A risk manager has been assigned to a long and complex project that is strategic to their organization. What should the risk manager do to have a proactive attitude toward risk management in this scenario?

After completing the sprint on an agile project a team updates the risk burndown chart and notices that risk exposure has increased to levels that could negatively affect project completion. What should the risk manager do to return the project's risk exposure to an acceptable level?

While reviewing the developed risk response plan, a team identified a residual risk incompatible with the organization's risk appetite. Which action is required next to handle the residual risk?

A project baseline included a budget of USS900 million and a 12-month schedule. Three months into the project a risk manager collected performance data on the project expenditure showing an actual cumulative lost.

What should the risk manager use to ascertain the cost performance risk?

During a software project planning meeting, a project team stated they had discovered a new way of developing a feature. The team is not sure if this new development represents a threat or an opportunity for the project.

Which tool should the risk manager use to better determine the category of this discovery?

The major investor in a road construction project is constantly asking project team members for information about the project's execution. This has resulted in the project team working 20% of their day preparing project reports for the stakeholders.

What should the risk manager do to enhance the project team's approach to risk reports?

A new vice president in one of its divisions observed that the portfolio of projects within their division experienced significant variations beyond the 10% established threshold with the potential of not achieving its overall business goals. Hence, they directed all project leaders and sponsors to ensure that they set and work toward more stringent thresholds of 5% and reports on the basis of any variance outside that range.

How should the risk manager respond?