ExamGecko
Search Search Login
Home Home / PMI / PMI-RMP
Question list
Search
Search

List of questions

Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

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 project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager performing in this situation?
A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register. How should the risk manager improve collaboration during risk planning?
A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects. What should the project manager do in this situation?
During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk. What should the risk manager do first?
Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget. What should the project manager do next?
An organization faces immense competition in the market and decides to accelerate a key project. What is the first action for the project risk manager to take?
The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG). Construction of the previous project had to be shut down unexpectedly to wait for the late delivery of the GTG. What should the project manager do first?
A risk manager has been assigned to a project constructing a chemical laboratory. Unfamiliar with chemical laboratories, the risk manager is unsure of where to start objectively identifying risks. What should the risk manager do?
A project is in the execution phase and involves large volumes of supplies. The project is the last phase of a 10-year initiative. The project sponsor asks the project manager to provide the performance report for the whole initiative. Which analysis should the risk manager do to provide the project manager with the performance report?

Question 118 - PMI-RMP discussion

Report
Export

A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution.

Which three actions should the risk manager take to ensure the risk management plan remains effective during the project timeframe? (Choose 3)

A.

Verify whether or not any identified risks might occur and implement the risk response plan.

Answers
A.

Verify whether or not any identified risks might occur and implement the risk response plan.

B.

Regularly check and report on the status of risks identified according to their prioritization.

Answers
B.

Regularly check and report on the status of risks identified according to their prioritization.

C.

Monitor the status and oversee execution of the risk response plan for each identified risk.

Answers
C.

Monitor the status and oversee execution of the risk response plan for each identified risk.

D.

Ensure management reserves are sufficient to cover the mitigation plans for all identified risks.

Answers
D.

Ensure management reserves are sufficient to cover the mitigation plans for all identified risks.

E.

Allocate and lock in project resources according to the initial risk prioritization for all identified risks.

Answers
E.

Allocate and lock in project resources according to the initial risk prioritization for all identified risks.

Suggested answer: B, C, D

Explanation:

According to the PMI-RMP Exam Content Outline1, one of the domains of the PMI-RMP certification is risk monitoring and reporting. This domain includes tasks such as ''monitor and report on risk metrics and trends'', ''monitor the status of risk response activities and update risk register and risk report accordingly'', and ''monitor and control project contingency and management reserves''. These tasks imply that the risk manager should regularly check and report on the status of risks identified according to their prioritization (B), monitor the status and oversee execution of the risk response plan for each identified risk , and ensure management reserves are sufficient to cover the mitigation plans for all identified risks (D). These actions will help the risk manager to ensure the risk management plan remains effective during the project timeframe. Therefore, the best answers are B, C, and D.

Show Answer
asked 14/11/2024
Geetanjali Singh
36 questions
PreviousPreviousNextNext
User
Your answer:
0 comments
Sorted by

Leave a comment first

ExamGecko

Copyright @2023 ExamGecko | All right reserved

Mail us: [email protected]
About us
Contact us
Twitter X
Facebook
Medium
Convert VPLUS to PDF
Open VPLUS files Easily and Quickly
Privacy Policy
Disclaimer
Terms