RMP Practice Exam 1
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Question 1 of 150
1. Question
Ouchie’s theory can best be described as being concerned with:
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Question 2 of 150
2. Question
You have conducted a communication channels analysis on your large, international project. You have identified 496 communication channels. You know this means that, other than you, there are ____ team members and stakeholders.
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Question 3 of 150
3. Question
According to this theorist, there is a risk that the workforce would suffer a loss of motivation if the annual bonuses were eliminated from the compensation plan.
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Question 4 of 150
4. Question
Consider the following dataset: [18, 20, 20, 24, 27, 29, 29, 29, 30, 35, 40]. What is the mean of the dataset?
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Question 5 of 150
5. Question
Successful project risk management is dependent upon organizational agreement on the key aspects of and approach to risk management. Consistently applied definitions and structure lend to a credible and repeatable approach that can be used to continually improve project risk management for the organization. Which of the following statements is most accurate regarding a consistent approach to and vernacular for project risk management?
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Question 6 of 150
6. Question
One of your team members, Ashley, had a very bad experience with one of your key stakeholders, Bob, on a previous project. At a team meeting, you notice that Ashley is not open to feedback, suggestions, or requests from Bob and that the team’s communication is suffering consistent misunderstandings as a result. What is the most likely cause of the misunderstandings?
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Question 7 of 150
7. Question
You have recently noticed a team member’s work slipping, and he has been repeatedly late turning in his assigned work. He has also not been joining team-building events, despite the fact that he was previously very active. Upon further investigation, you learn that his home is under foreclosure due to his wife’s medical expenses. What statement is most accurate regarding this situation?
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Question 8 of 150
8. Question
Which of the following data sets has a median value of 8?
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Question 9 of 150
9. Question
Which statement is most accurate regarding the difference between inferential and descriptive statistics?
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Question 10 of 150
10. Question
The project sponsor suspects that if your product development project is delivered in the first quarter of next year, there is a possibility that your company will capture a large amount of the market share. Delivering in the first quarter will most likely lead to launching your product ahead of your competitor’s launch of a similar product. This situation would be considered:
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Question 11 of 150
11. Question
Typically, projects have a greater likelihood of coming in over the budget estimate than under it. The potential spread of costs is also greater over budget than under budget. This would be represented in:
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Question 12 of 150
12. Question
A measure used to quantify the amount of variation or dispersion in a set of data values is known as:
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Question 13 of 150
13. Question
The consulting firm that you work for is experiencing rapid growth with high-value clients. Project managers who are assigned to these clients are receiving higher bonuses than the other project managers. To get assigned to these clients, project managers must demonstrate competency in a number of areas, including risk management, scheduling, budgeting, and team development. As such, some of the project managers are working longer hours, often off the clock, and are more aggressively allocating extra time to complete training and get experience in those areas. This is an example of:
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Question 14 of 150
14. Question
For the first test population, the standard deviation was 3.98. For the second test population, the standard deviation was 2.1. Which statement is most accurate?
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Question 15 of 150
15. Question
The four phases typically involved in negotiation are:
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Question 16 of 150
16. Question
This process evaluates the highest-priority risks in terms of the cost and/or schedule impact.
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Question 17 of 150
17. Question
All of the following are characteristics of the project management process groups except:
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Question 18 of 150
18. Question
The Project Management Institute:
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Question 19 of 150
19. Question
The risk management process involves:
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Question 20 of 150
20. Question
The project management process groups are:
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Question 21 of 150
21. Question
The difference between the PMBOK® Guide and ISO 31000 can best be described as:
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Question 22 of 150
22. Question
The objective of this process is to prioritize the project risks.
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Question 23 of 150
23. Question
The process groups interact based on:
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Question 24 of 150
24. Question
Also known as establishing the context, this process defines the scope and objectives of the project risk management approach.
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Question 25 of 150
25. Question
The project management framework is best described as:
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Question 26 of 150
26. Question
Which statement is most accurate regarding the Identify Risks process?
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Question 27 of 150
27. Question
Which statement is most accurate?
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Question 28 of 150
28. Question
Which statement is least accurate regarding the Plan Risk Responses process?
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Question 29 of 150
29. Question
The following statements are true about the PMBOK® Guide, except:
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Question 30 of 150
30. Question
During which process are the risk responses and risk management approach audited?
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Question 31 of 150
31. Question
The last few times you traveled on business, the counter agents at the airport were very rude. You just learned that your friend accepted a job at that same airline. While you want to be supportive of her opportunity, you do not understand why she would go to work for such an unpleasant company. What heuristic have you applied?
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Question 32 of 150
32. Question
In conducting a stakeholder analysis, a number of tools can be used to rank and rate your stakeholders. The salience model of stakeholder classification groups stakeholders based on:
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Question 33 of 150
33. Question
Which of the following statements is least accurate?
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Question 34 of 150
34. Question
Which of the following examples would best represent the availability heuristic?
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Question 35 of 150
35. Question
All of the following may be drivers of corporate risk culture except:
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Question 36 of 150
36. Question
A key stakeholder is:
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Question 37 of 150
37. Question
This technique enhances brainstorming with a voting process to rank the ideas.
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Question 38 of 150
38. Question
The PMO has informed you that Brandie Beane will be joining your project in a part-time capacity. Brandie will oversee the risk management process, assist with developing the risk management plan, and facilitating the risk workshops. What role is Brandie playing on the team?
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Question 39 of 150
39. Question
This type of bias is often seen in risk-seeking individuals.
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Question 40 of 150
40. Question
While collecting requirements, you want to solicit feedback from a group of experts in a format in which they are most able to give their individual and honest feedback. What group creativity technique would be best in this situation?
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Question 41 of 150
41. Question
Also known as the corollary syndrome, this occurs when a person is facing an uncertain situation and subconsciously brings a preexisting judgment to the task of assessing the level of risk.
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Question 42 of 150
42. Question
With your team, you have generated a large number of potential requirements. You would like to arrange the ideas into groups for further analysis. What technique should you consider using with your team?
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Question 43 of 150
43. Question
You are mentoring a junior project manager, and you have noticed that he is reluctant to engage with some of the more challenging stakeholders. Whenever he knows they will be at a meeting, he seems to have a scheduling conflict. This ostrich effect is known to occur with individuals with the following type of bias.
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Question 44 of 150
44. Question
The four primary risk attitudes are:
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Question 45 of 150
45. Question
You and your spouse are considering putting your house on the market. When you ask your spouse for an estimate on what the necessary updates will cost, your spouse states with a shrug, “$30,000, but we may want to do the yard, which could add costs. I would say it would probably be about $35,000.” This is an example of:
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Question 46 of 150
46. Question
You have assumed the responsibility for a high-risk project that is instrumental to your company’s growth. As you begin to evaluate the project, you take into consideration the availability of skilled resources that will be needed for the project. You are considering:
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Question 47 of 150
47. Question
Risk tolerances are determined in order to help:
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Question 48 of 150
48. Question
You are new to the project organization within your company. You have been asked to develop a project management plan, and you have sent an inquiry to the PMO asking for any templates or sample plans that may exist. The templates and sample plans:
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Question 49 of 150
49. Question
Risk management planning:
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Question 50 of 150
50. Question
The level of risk management is dependent upon:
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Question 51 of 150
51. Question
One of your team members believes that the risk of the CEO stepping down should be evaluated and included. However, your other team members feel very strongly that the CEO would never step down, at least not during the lifespan of your project, and evaluation is therefore unnecessary. The risk of the CEO stepping down is known as a:
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Question 52 of 150
52. Question
Templates that are preloaded with information common to most projects:
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Question 53 of 150
53. Question
Which of the following statements is most accurate regarding the risk management plan?
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Question 54 of 150
54. Question
The risk methodology:
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Question 55 of 150
55. Question
An outside team-building event is being held at an off-site location. The project team members are traveling in from various regional offices to participate in the one-day activity. This will be the first time many of them meet one another. Select the most accurate risk statement.
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Question 56 of 150
56. Question
The following are components of the risk management plan except:
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Question 57 of 150
57. Question
An emergent risk:
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Question 58 of 150
58. Question
Which of the following statements is not true about positive risks?
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Question 59 of 150
59. Question
As a subsidiary plan, the risk management plan:
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Question 60 of 150
60. Question
All of the following should be included in the project risk management plan except:
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Question 61 of 150
61. Question
The scope baseline includes all of the following except:
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Question 62 of 150
62. Question
The PERT estimate is nine hours. The best-case estimate is four hours, and the worst-case estimate is 18 hours. What is the most likely duration estimate?
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Question 63 of 150
63. Question
Your team lead has suggested that you evaluate various estimating techniques in order to provide the most comprehensive estimate possible. You decide to use parametric estimating. Parametric cost estimating involves:
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Question 64 of 150
64. Question
The previous project manager of your newly assigned project leveraged analogous estimating to determine the project costs. The following statement is true about analogous estimating.
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Question 65 of 150
65. Question
For a particular component, the work package owner leveraged a triangular three-point estimate to come to a calculation of $111,667. If the optimistic estimate was $98,000 and the most likely estimate was $112,000, what was the pessimistic estimate?
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Question 66 of 150
66. Question
Which of the following is a true statement about risks?
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Question 67 of 150
67. Question
Which statement is most accurate regarding risk identification?
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Question 68 of 150
68. Question
Why is it important that scope risks be identified early in the project?
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Question 69 of 150
69. Question
Scope gap is different than scope creep in that:
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Question 70 of 150
70. Question
This is a hierarchical structure of potential risk sources.
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Question 71 of 150
71. Question
Which of the following is not a function of an RBS?
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Question 72 of 150
72. Question
Which statement is the most accurate regarding the difference in overall project risk compared to individual risk?
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Question 73 of 150
73. Question
You are conducting an FMEA, and your team has provided the following ratings: severity = 5, occurrence = 9, and detection = 4. What is the criticality of this risk?
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Question 74 of 150
74. Question
As project manager, you are brainstorming with your team to determine implementation risks. The team is struggling to identify any risks, however, because they have not developed this type of product before. What technique may be the most helpful in this kind of situation?
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Question 75 of 150
75. Question
It is often helpful to consider the Five Whys when doing this type of analysis.
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Question 76 of 150
76. Question
A probability impact matrix can be used for:
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Question 77 of 150
77. Question
In order to be most efficient in targeting risks with the biggest impact, which tool should be used?
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Question 78 of 150
78. Question
The following evaluates identified risks and determines which risks need to be addressed in the short term.
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Question 79 of 150
79. Question
In a meeting with your sponsor, you have identified that some of the project constraints are more critical than others. What is the best technique to assess the differences in the importance of the constraints?
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Question 80 of 150
80. Question
The risk management plan has been completed and approved by the key stakeholders. You are working with your team to identify risks to the project and are performing a qualitative risk analysis. The objective of the qualitative risk analysis is to:
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Question 81 of 150
81. Question
As the project manager, you need to find out which issue has the maximum impact on a project. Which tool should you use?
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Question 82 of 150
82. Question
What should be done with risks on the watchlist?
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Question 83 of 150
83. Question
This can help reduce the influence of bias in a qualitative risk analysis.
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Question 84 of 150
84. Question
Which of the following is the most accurate statement regarding conducting a qualitative risk analysis?
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Question 85 of 150
85. Question
A qualitative risk score is:
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Question 86 of 150
86. Question
A probability and impact matrix:
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Question 87 of 150
87. Question
Each of the following may be included in the risk register based on the qualitative risk analysis except:
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Question 88 of 150
88. Question
You have been assigned a bridge demolition and rebuilding project. A risk analysis has already been completed on the project and the resulting risk was 7.9. This project can be considered:
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Question 89 of 150
89. Question
The following is biggest weakness of using a retrospective analysis to evaluate project risk.
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Question 90 of 150
90. Question
You are performing an AHP analysis of various risks. The budget objective has a weighting of .29. For budget implications, risk A has an average score of .56, risk B has an average score of .32, and Risk C has an average score of .12. What is risk B’s overall score against the budget objective?
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Question 91 of 150
91. Question
The last project you managed for this client included 875 planned activities and used an allocated contingency of 10%. The current project is expected to have three times the number of activities, so you suggest a contingency allocation of 30%. This would be predicted using __________ metrics.
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Question 92 of 150
92. Question
Your team lead is concerned about the time and computer speed for running a Monte Carlo simulation. What technique should you suggest to be used in place of the Monte Carlo simulation?
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Question 93 of 150
93. Question
The organization is very sensitive to any risk impacting the project budget or schedule. You are working with your team and subject matter experts to conduct a quantitative risk analysis on the identified risks. Which statement is least accurate?
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Question 94 of 150
94. Question
Upon discussion with the work package owner, you learn that based on the vendor that is chosen, there are four potential durations for the work. There is a 20% chance of using a local vendor, which would result in a duration of 12 days; a 30% chance of using a domestic vendor, which would result in a duration of 18 days; and a 10% chance of using an international vendor, which would result in a duration of 27 days. The remaining possibility is to do the work in-house, which would result in a duration of 15 days. What is the best estimate to use?
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Question 95 of 150
95. Question
A project that has a negative cost variance and an SPI less than 1.0 is:
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Question 96 of 150
96. Question
As you evaluate a vendor bid of $350,000, you take into consideration the risk associated with potential delays. There is a 65% probability that the vendor will come in behind schedule at a cost of $125,000 and a 35% probability that the vendor will come in early for a savings of $50,000. Based on that information, what is the total value of the bid?
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Question 97 of 150
97. Question
Which statement below is false regarding quantitative risk analysis?
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Question 98 of 150
98. Question
Which statement is most accurate regarding Gaussian and beta distributions?
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Question 99 of 150
99. Question
If a project has a 60% chance of a $100,000 profit and a 40% chance of a $100,000 loss, the expected monetary value of the project is:
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Question 100 of 150
100. Question
Option A is estimated to take 24 days to complete, option B is estimated to take 16 days to complete, option C is estimated to take 10 days to complete, and option D is estimated to take 14 days to complete. The probability of each option is, respectively, 30%, 12%, 17%, and 41%. What is the best estimate for expected duration?
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Question 101 of 150
101. Question
A Monte Carlo simulation uses a project model and runs multiple iterations with varying input values. The output of a Monte Carlo simulation is a:
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Question 102 of 150
102. Question
In a probability distribution:
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Question 103 of 150
103. Question
Upon evaluation of the project requirements, your product development team lead provides you with the following duration information:
If the product can be developed in-house with existing staff, the estimated duration is 14 days. If the product must be developed by a vendor, the estimated duration is 21 days. If a portion is developed in-house and a portion by the vendor, the estimated duration is 19 days. Based on the information you received, there is a 30% probability that the product can be developed fully in-house and a 50% probability that a portion can be developed in-house.
Considering the risk, what is the best duration estimate?CorrectIncorrect -
Question 104 of 150
104. Question
The difference between the cost baseline and the total project budget can be best described as:
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Question 105 of 150
105. Question
Your client requires a major scope change due to a change in the market conditions. The scope change will add costs to the project. You currently have funding in your budget contingency reserve. What should you do?
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Question 106 of 150
106. Question
There was a software risk associated with the infrastructure project. To mitigate the risk, you leveraged a software provider that has been known to be compatible with your organization’s systems. However, upon install, you realize that the new software is causing a major problem. What is the next thing you do?
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Question 107 of 150
107. Question
You are the project manager of ABC project. The project is being executed in an earthquake-prone area. To take care of this you buy insurance for earthquakes. This is an example of:
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Question 108 of 150
108. Question
One of the risks that have been identified for your current project is the attrition of team members. Midway through the project, you notice that the morale and motivation of the team members is going down. You think that this is a precursor to people leaving the organization. For this risk, low motivation is an example of:
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Question 109 of 150
109. Question
You are managing the project of planning a party for your company employees. There is a risk that the employees will not come to the party. You decide to not take any action against this, as the likelihood of this is low. Which risk response strategy are you following?
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Question 110 of 150
110. Question
There is a meeting in Europe for the organization’s senior leadership team. To reduce the risk associated with having the executives all on one plane, you send no more than two executives on the same flight. What risk strategy are you using?
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Question 111 of 150
111. Question
There is a potential opportunity if your product is first to market. You decide to team up with another business in order to increase the chances that you will make it to market first. What risk strategy are you using?
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Question 112 of 150
112. Question
Upon evaluation of a complex construction project, your sponsor has asked that you transfer some of the risk. Which of the following should you consider?
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Question 113 of 150
113. Question
There is a risk that pedestrians could walk on the new sidewalks before the concrete has cured. As such, your team places caution signs near the sidewalks. This is an example of what risk response strategy?
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Question 114 of 150
114. Question
There is an opportunity to provide a service for one of the largest companies in the region. To improve your chances of getting the job, you decide to partner with another firm to demonstrate that you have the manpower required to complete the job. This is an example of what risk response strategy?
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Question 115 of 150
115. Question
The implementation of selected risk response strategies may create:
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Question 116 of 150
116. Question
An output of risk response planning is:
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Question 117 of 150
117. Question
You were in the middle of a three-year project to deploy new technology to 15 field offices across the country. A tornado caused power outages just when the upgrade was nearing completion. When the power was restored, all of the project reports and historical data were lost with no way of retrieving them. What should have been done to mitigate this risk?
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Question 118 of 150
118. Question
Because there was a risk of rain during an outdoor event, the team decided to put a tent over the main banquet area. A risk has now been identified that the tent may become unsecured with high wind. The possibility of the tent becoming unsecured is an example of:
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Question 119 of 150
119. Question
The difference between work performance data and work performance information can best be described as:
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Question 120 of 150
120. Question
As you enter the last phase of your project, you identify a number of risks that are now obsolete. What should you do next?
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Question 121 of 150
121. Question
A control chart has all of the following characteristics except:
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Question 122 of 150
122. Question
Which of the following is true about risk audits?
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Question 123 of 150
123. Question
Risk monitoring and controlling can best be accomplished through:
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Question 124 of 150
124. Question
Used in controlling risks, the technical performance measurement:
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Question 125 of 150
125. Question
Which statement is most accurate regarding the monitoring and controlling of project risks?
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Question 126 of 150
126. Question
This technique focuses on resource allocations within the schedule and can be used to monitor the amount of risk reserve time available, which may trigger actions to be taken.
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Question 127 of 150
127. Question
All of the following are techniques used to monitor and control project risks except:
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Question 128 of 150
128. Question
This technique examines and documents the effectiveness of risk responses in dealing with identified risks and their root causes.
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Question 129 of 150
129. Question
These are unplanned responses developed to deal with the occurrence of unanticipated risk events.
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Question 130 of 150
130. Question
As a result of monitoring and controlling risk, the risk register updates will include all of the following except:
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Question 131 of 150
131. Question
Why are effective status reports important to risk monitoring and controlling?
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Question 132 of 150
132. Question
All of the following should be included in the project status report except:
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Question 133 of 150
133. Question
During project executing, a major problem occurs that was not included in the risk register. What should you do first?
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Question 134 of 150
134. Question
Your sponsor advises you that there is enough money in the budget to complete the IT project. However, the project is 40% complete, and the cost performance index (CPI) is 0.65. Upon reviewing the original cost estimates, you learn that the project was analogously estimated. The analogous estimate was then used to determine the activity estimates. What should have been done to reach a more accurate estimate?
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Question 135 of 150
135. Question
You are determining the appropriate amount of time to dedicate to risk management activities for your new project. The frequency and depth of reviews and updates to the project risk information will depend upon:
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Question 136 of 150
136. Question
As you developed your project schedule, you identified resource constraints as a potential risk cause. Because of this, you decided to utilize the method of planning that leverages time buffers to monitor and manage schedule performance and account for limited resources. This technique is known as:
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Question 137 of 150
137. Question
You have completed all of your risk planning processes, and now the project is underway. You are continuing to monitor and control the risk environment of the project. During risk response control, when is additional response development needed?
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Question 138 of 150
138. Question
You have taken over the management of a strategy-critical project that is exceptionally time-sensitive. The team members represent the different divisions that will be most impacted by the implementation of the project and have been known to have very strong opinions about the project requirements and the development of the project deliverables. The previous project manager had difficulty managing conflict within the team, which caused the project to be delayed. You decide to train the team on conflict resolution strategies. This is an example of:
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Question 139 of 150
139. Question
Your project is high-risk and has significant implications for the growth of the company. In order to monitor and control the project risks, you are adding formal risk items to the status meeting agenda. Which would you be least likely to include on the agenda?
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Question 140 of 150
140. Question
Your project involves the implementation of sophisticated infrastructure technology. Upon evaluation of the project requirements, you realize that one of the components will require expertise that you do not currently have in-house. Leveraging a vendor that specializes in producing that component will allow you to deliver the project requirements. You enter into a contractual agreement with a vendor with the expertise you require. This is an example of:
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Question 141 of 150
141. Question
You are assuming the management of a project that is already in progress. Upon conducting a stakeholder analysis, you identify a stakeholder that you classify as risk-neutral. What is the best approach for risk communication with that stakeholder?
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Question 142 of 150
142. Question
Your project is dependent upon purchasing a piece of equipment from a vendor. The project is operating with an extremely limited budget. To exploit the probability of delivering under budget, you:
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Question 143 of 150
143. Question
You are providing guidance to a peer project manager who has recently joined your project organization regarding risk monitoring and controlling. You advise her that the most effective setting for monitoring and controlling project risks is:
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Question 144 of 150
144. Question
For your park development project, you have hired a vendor to install all of the concrete walkways. In the past, your organization has had some quality issues with this particular vendor. You need to mitigate the risks associated with poor quality. What would be the most appropriate response?
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Question 145 of 150
145. Question
This is the process of numerically analyzing the effect of identified risks on overall project objectives, assigning a numerical rating to those risks individually, and evaluating the aggregate effect of all risks affecting the project schedule and budget, and it presents an approach to making decisions in the presence of uncertainty.
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Question 146 of 150
146. Question
You are working with your sponsor on a stakeholder analysis for your new project. You have identified a stakeholder who appears to be risk-seeking. What is the best approach for risk communication with this stakeholder?
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Question 147 of 150
147. Question
The engineering department is developing multiple components for the new manufacturing facility. One particular component is very complex, and the development of that component is new to the department. You decide to prototype that particular component. Prototyping a risky piece of equipment:
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Question 148 of 150
148. Question
On your corporate infrastructure project, risk management is a key priority, given the company’s sensitivity to market fluctuations. In addition, this is the first project for which formal project and risk management practices are being implemented. You have scheduled quarterly risk audits per the risk management plan. Which statement is least accurate regarding risk audits?
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Question 149 of 150
149. Question
Your team members have escalated issues with the QA analyst to you and despite your feedback and requests for improvement, the issues are continuing to be a problem for the project team and are disrupting the work that needs to be done. To avoid the risk associated with the QA analyst, you:
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Question 150 of 150
150. Question
You are the project manager for the new marketing campaign. You need to find out which customer complaints occur most frequently about the product that will be replaced with the new marketing campaign. Which tool should you use to illustrate and rank the most frequently occurring complaints?
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