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PMI PMI-RMP Practice Test - Questions Answers, Page 27

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Question 261

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A risk manager had to mitigate delay risks in the delivery of a component in a manufacturing project by procuring from an alternate vendor with shorter lead times. This has led to another risk because the project team may need additional training on how to install this specific component.

What should the risk manager do?

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Question 262

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A risk manager has recommended an increase of 7% to the risk threshold to avoid failure of a challenging new initiative. What should the risk manager do next?

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Question 263

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When performing a risk analysis, a risk manager identifies not only negative risks but also positive risks, which might bring added value to the project. What should the risk manager do next?

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Question 264

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The sponsor of a construction project is upset about the results of the risk management team. The sponsor believes the team did not properly identity the risks that could affect the project. The team did manage the risks however, some of the risk response strategies created secondary risks.

What should the risk management team have done to manage this situation?

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Question 265

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During project implementation, a risk manager wants to determine the effectiveness of risk response plans and which risk will have an impact on the project outcome. Which analysis should the risk manager do?

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Question 266

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A company manages confidential customer information, and a data breach exposing sensitive information was discovered. What should the risk manager do?

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Question 267

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A risk manager schedules workshops for identifying risks about an initiative involving multiple business units, recruitments for different roles, procurements, technological uplift training, and changes in the ways of working Who should participate in the risk management activity?

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Question 268

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A project has suffered a big schedule delay and there are still some risks that are close to materializing. The project manager is concerned about communicating this risk level because the stakeholders might suspend project funding and cancel the project.

How should the risk manager manage the risk level?

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Question 269

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A financial institution is creating a new product database for their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.

What type of risk is being referred to here?

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Question 270

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A project has consistently been lagging in cost performance index (CPI) and schedule performance index (SPI) over the past few months. The risk manager realizes that some activities are taking longer than expected and more resources are needed

Which project artifact should the risk manager analyze to mitigate the risk of further project overrun?

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Related questions

A two-year project with a budget of US$2 million has completed about 60% of the work at the end of the first year. The actual cost incurred to complete the remaining 40% of work is about USS1.5 million. As a part of performing a specialized risk analysis, the calculated schedule performance index (SPI) is 1.2 and cost performance index (CPI) is 0.53. How should the risk manager interpret such a low CPI value?
During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk. What should the risk manager do to handle this situation?
A risk manager of a major project facilitates a meeting to develop the risk management plan. What two factors does the risk manager need to consider to ensure an effective risk management plan is developed? (Choose two.)
The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)
The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk. What should the team perform in this scenario?
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?
After the initial assessment of a new project, a project manager found that in order to complete the expected results, detailed and exhaustive planning will be required to ensure the product's characteristics and quality. What should the risk manager propose to the project manager what to do?
A new company initiates a project to incorporate a cybersecurity team. Which three documents should the risk manager analyze first? (Choose 3)
The scope of a large mobile network deployment project includes equipment to be furnished by the customer. The risk manager is concerned that the equipment delivery might be delayed, causing additional delays in the project. What should the risk manager do?
One project in a program needs to be completed in 6 months because there is a large bonus for early completion. Consequently, the program manager transfers all resources to this project and arranges for employees to receive overtime pay. Which risk response strategy is the program manager using in this scenario?