PMP Questions ID 3087 kaylee is a risk manager working for a top healthcare company she was recently brought in to sup

Kaylee is a risk manager working for a top healthcare company. She was recently brought in to support a project that has been plagued with a multitude of issues. The project sponsor informs her that the issues were a result of not implementing documented risk response plans. Kaylee clarifies to the sponsor that this is not the root cause of the issues at hand but is instead caused by the most common problem with project risk management. What problem is Kaylee referring to?

Select one

Project teams spend effort in identifying, analyzing, and developing responses for risks but do not manage them.

Risk triggers are not clearly documented in the risk register, causing the response plans to be ineffective.

Risks are not fully analyzed, and therefore, the risk responses are not effective.

A full-time risk manager is often not allocated to a project, causing poor risk management to occur.

PMP Question No 3086 - All Domains

You are a project manager for Rhone Valley Importers. Your buyer has found a new product that she’s convinced will sell well in this country. Taking on this new product introduces considerable opportunity for the company but at the same time is also a considerable threat. The cost of this product exceeds anything your company has imported before, and if it doesn’t sell as well as the buyer thinks it will, the company could go into bankruptcy. You determine that a feasibility study is in order. Which of the following statements is not true?

Select one

A feasibility study should be conducted to determine the potential market, costs, risks, and other factors.

One purpose of the feasibility study is to determine marketing demand for the new product that could in turn become the demand that drives the project.

During the feasibility study, you could use the Project Risk Management processes to identify all opportunities and exploit their possibilities, determine the potential threats, and minimize the probability and consequences of those threats.

One of the end results of the feasibility study might be to produce a project charter that will include a description of the intended outcome of the project, a budget, and a detailed project schedule for management review.

Answer

PMP Question No 3084 - All Domains

The project manager is in the process of bringing the relevant parties together, along with a neutral party, to discuss a contested change to a procurement agreement. Which of the following is a valid tool or technique to assist the project manager in performing this activity?

Select one

Claims administration

Change control system

Audit

Inspection

Answer

PMP Question No 3083 - All Domains

Which of the following reflect ideal characteristics of Agile teams?

Select three

Dedicated 100 percent to project

Colocated

Range in size from three to nine team members

Facilitate daily status meetings

Answer

PMP Question No 3081 - All Domains

The project phases together constitute which of the following?

Select one

Project phases

Project management plan

Project life cycle

Project management

Answer