11 New PMP Questions & Answers with explanation
1.
Which of the following describe the purpose for the risk management plan?
Select two
2.
You are working on the risk management plan for your current project and need to document how the risk activities will be recorded for the benefit of future projects. Which part of the risk management plan addresses these issues?
Select one
3.
You work for a company that writes billing software programs for the communication industry. Your customer is located in a country that limits the number of foreigners allowed into the country. You identify this risk in your risk management plan. The critical point during the project is installation and setup. You might do which of the following, given these circumstances?
Select one
4.
Your team is developing the risk management plan. Which tool and technique of this process is used to develop risk cost elements and schedule activities that will be included in the project budget and schedule?
Select one
5.
You are a project manager working on a software development project. You've developed the risk management plan, identified risks, and determined risk responses for the risks. A risk event occurs, and you implement the response. Then, another risk event occurs as a result of the response you implemented. What type of risk is this?
Select one
6.
A project manager leading a multiphase construction project is beginning to perform the risk management processes. Because of the project’s complexity and the amount of money invested in the project, the project sponsor stressed the critical nature of managing risks. The project manager took this advice seriously and brought together a risk management team. Alongside the risk management team, the project manager worked on the development of the risk management plan. Which of the following is not likely to be covered within the risk management plan?
Select one
7.
You work for a company that writes billing software programs for the communication industry. Your customer is located in a country that limits the number of foreigners allowed into the country. You identify this risk in your risk management plan. The critical point during the project is installation and setup. You have assessed the risks and are using the Perform Qualitative Risk Analysis process. Which of the following tools and techniques will you use to determine the potential effect on the project objectives (such as time, cost, scope, or quality) and determine the likelihood of the risk occurring?
Select one
8.
A project to build a new water treatment plant is in the planning stage. The project manager is starting the project management process of Plan Risk Management. The project sponsor is risk averse, and this will affect the risk management plan. In preparing the risk management plan, the project manager is seeking a high-level understanding of the project description and boundaries, high-level requirements, and risks. Where is the best place for the project manager to find this information?
Select one
9.
With a parking garage construction project underway, you are currently creating the risk management plan. In support of this process, you need to determine the acceptable level of overall project risk exposure. What should you do first?
Select one
10.
A storm has damaged the manufacturing facility that is under construction as part of your project. You have just discovered that although the project risk management plan mandated that the facility have insurance against damage and loss, this policy was never acquired, and the project budget must cover the losses. Who is at fault?
Select one