PMP Questions page 270

2691.

Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

Select one

Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.

It depends on how the project progresses relative to its objectives.

Reassessment is necessary at the 50 percent and 75 percent stages of project completion.

Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.

2692.

Which of the following is the process of communicating and working with stakeholders to meet their needs and expectations, address issues as they occur, and foster appropriate stakeholder involvement?

Select one

Manage Stakeholder Engagement

Monitor Stakeholder Engagement

Manage Communications

Monitor Communications

2693.

Rick has just been assigned as the project manager of a project to develop a complex product. The project is in the Define Scope phase. Which of these tools and techniques will Rick not use in this phase?

Select one

Systems analysis

Product breakdown

Value engineering

Process analysis

2694.

Teams go through various stages of development. According to the Tuckman ladder of development, the stage during which the least amount of work gets done is usually the:

Select one

Storming phase

Norming phase

Performing phase

Forming phase

2695.

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

Select one

Risk audits

Change requests

Work performance information

Work Performance Reports

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.

2698.

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

2699.

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

$20,000 profit

$40,000 loss

$100,000 profit

$60,000 loss

2700.

With high levels of uncertainty and unpredictability in a fast-paced and highly competitive global marketplace, where long-term scope is difficult to define, it is becoming even more important to have a __________ for effective adoption and tailoring of development practices to respond to the changing needs of the environment.

Select one

Rigid management approach

Predefined detailed scope

Contextual framework

Blackbox approach

2,934 New PMP Questions & Answers with explanation