98 New PMP Risk Questions & Answers with explanation
91.
Lee is the project manager of a project, and he is planning responses to a set of risks. As a direct result of implementing these risk responses, he anticipates certain other risks to arise. These are:
Select one
92.
Which of the following processes produces a Risk Register?
Select one
93.
The Risk Register contains details of all identified risks and their current status. It is a document containing the results of:
Select one
94.
Which type of risk analysis ranks risks for future action or analysis by evaluating their probability of occurrence and impact?
Select one
95.
Joe is attempting to calculate the probable financial impact of some future uncertain scenarios. What method could he use?
Select one
96.
Anne is the project manager of a project. She has evaluated certain responses from prospective sellers and wants to select a contract model that will transfer risk to the seller. Which of the following should she select in order to achieve this?
Select one
97.
Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:
Select one
98.
Jen works as a project manager for the National Weather Agency. She is managing a project designed to assess the effect of climate change on northern mountains. The initial study established a two months’ delay for the testing equipment to reach mountains due to road construction. However, a recent assessment has indicated a significantly shorter delay because of rapid progress in construction. To deal with the shorter delay, which of the following steps should Jen take next?
Select one