PMP Questions ID 1792 if a project has a 60 percent chance of a 100 000 profit and a 40 percent chance of a 100 000 l

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New PMP Question & Answers with explanation

If a project has a 60 percent chance of a $100,000 profit and a 40 percent chance of a $100,000 loss, the expected monetary value of the project is:

Select one

$60,000 loss

$100,000 profit

$20,000 profit

$40,000 loss

PMP Question No 1791 - Risk

During which stage of risk planning are risks prioritized based on their relative probability and impact?

Select one

Perform Qualitative risk analysis

Identify Risks

Perform Quantitative risk analysis

Plan Risk Responses

Answer

PMP Question No 1790 - Risk

Which of the following is true about risks?

Select one

The risk register documents all the identified risks in detail.

Risk impact should be considered, but probability of occurrence is not important.

Risks always have negative impact and not positive.

Risk Response Plan is another name for Risk Management Plan.

Answer

PMP Question No 1789 - Risk

Which of these is an input to the Monitor Risks process?

Select one

Risk audits

Change requests

Work performance information

Work Performance Reports

Answer

PMP Question No 1788 - Risk

Your project sponsor has asked you to present your project’s high-level risk register to him in the next project update meeting. To create your high-level risk register, which of the following processes must be performed?

Select one

Plan Risk Management

Perform Qualitative Risk Analysis

Identify Risks

Monitor Risks

Answer