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PMI Risk Management Professional Sample Questions (Q190-Q195):

NEW QUESTION # 190
A risk manager is integrated into a team overseeing a crucial software development project. During the information gathering phase, the risk manager notices significant weaknesses in the maturity of the risk management process. The team needs to establish a more structured approach to managing risks, including the documentation of strategies, ownership structures, and details about the organization's project risk baseline.
What should the risk manager do?

A. Arrange the risk mitigation plan.
B. Prioritize the risk register.
C. Create a risk action plan with risk owners.
D. Prioritize the risk management plan.

Answer: D

Explanation:
A risk management plan is the foundational document for risk management. It defines processes, ownership, strategies, and baselines, and must be developed first before other detailed risk actions. PMBOK Guide specifies:
"The risk management plan is the key document that outlines the approach, processes, roles, responsibilities, and documentation requirements for risk management."
- PMBOK Guide, 6th Edition, Section 11.1
References:
PMBOK Guide, 6th Edition, Section 11.1

NEW QUESTION # 191
You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?

A. Quantitative risk analysis
B. Qualitative risk analysis
C. Risk identification
D. Risk response implementation

Answer: A

Explanation:
Explanation

NEW QUESTION # 192
You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent
$455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

A. 1.06
B. -$30,647
C. 0.93
D. 0.92

Answer: C

NEW QUESTION # 193
A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effectiveness.
What two actions should the risk manager do next? (Choose two.)

A. Check for risk classification and that probability and impact are identified.
B. Check to ensure that the risks are gathered using Delphi technique.
C. Check to ensure that the risk is supported by a Monte Carlo simulation.
D. Check to ensure the risk meeting agenda and supporting documents are distributed.
E. Check to ensure that risk origin, triggering event, and ownership is identified.

Answer: A,E

Explanation:
Explanation
The risk manager should first check the risk register for proper risk classification, probability, and impact (C), as these are essential components of an effective risk management process. Next, the risk manager should ensure that the risk origin, triggering events, and ownership are identified (D), as this information helps in assigning responsibilities and taking appropriate actions for each risk. References to these steps can be found in the Project Management Institute's (PMI) A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition.

NEW QUESTION # 194
At the beginning of a small project, the risk manager facilitates workshops to identify and analyze risks. At the end of the sessions, a stakeholder says that there should be no need to meet again about the risk register now that it's complete since it is such a short and simple project.
How should the risk manager respond to this comment?

A. The risk register must only be updated if a change is approved during the project.
B. Compromise by updating the risk register at the end of each phase only.
C. Agree on the condition that the risk register be updated if the project environment changes.
D. Insist on continuous review and updating of the risk register during the project.

Answer: D

Explanation:
Risks are dynamic and must be continuously monitored and updated throughout the project lifecycle, regardless of project size or duration. The PMBOK Guide specifies that risk monitoring is an ongoing process:
"Risks are monitored throughout the project. The risk register should be updated as new risks are identified, existing risks change, or as risk responses are implemented."
- PMBOK Guide, 6th Edition, Section 11.7 (Monitor Risks)
Continuous review ensures that new risks are captured and previously identified risks are managed appropriately.
References:
PMI PMBOK Guide, 6th Edition, Section 11.7
ISO 31000:2018, Section 6.7

NEW QUESTION # 195
......

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PMI PMI-RMP Valid Braindumps Free & ExamCost - Leader in Qualification Exams

PMI PMI-RMP Valid Vce Dumps - Latest PMI-RMP Test Guide

PMI Risk Management Professional Sample Questions (Q190-Q195):

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