24 New PMP Questions & Answers with explanation
11.
Ronald Pierce is a high-end furniture store chain. The company is in the process of developing a new renaissance style edition for release in six months. The project manager leading the development of the new edition is currently developing risk responses, alongside the risk management team. In response to one of the threats, insurance was purchased to cover any potential losses, should the risk emerge. What type of response did the team utilize?
Select one
12.
A product owner is performing risk management activities for an upcoming release. She sits down with the team to perform a risk assessment exercise and uses a probability and impact matrix. Which of the following statements are true regarding the probability and impact matrix?
Select three
13.
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
14.
Kaylee is a risk manager working in collaboration with Alyssa, a project manager, and both work for a top healthcare company. They are currently in the process of performing risk analysis. To determine the most likely date of project completion, based on known risks, they run a simulation using a risk management tool that will run through thousands of possible scenarios. What tool are they using?
Select one
15.
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
16.
An RV rental company is launching a consignment program for private owners who are looking to rent out their vehicles. The project manager of the project has just begun carrying out risk management activities. Since the project manager is experienced in managing risk, she immediately moved into the Identify Risks process. Based on this information, which of the following is most likely to occur?
Select one
17.
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
18.
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
19.
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
20.
Which of these is accurate regarding risk management?
Select one