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PMI Risk Management Professional Sample Questions (Q12-Q17):
NEW QUESTION # 12
You are the project manager of the NHJ project for your company. This project has a budget at completion of
$1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be.
What is the estimate at completion?
- A. -$8,333
- B. $1,666,667
- C. $663,333
- D. $1,650,000
Answer: B
NEW QUESTION # 13
You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?
- A. Some responses have a cost and a time factor to consider for each risk event.
- B. Some responses are designed for use only if certain events occur.
- C. Some responses must counteract pending risk events.
- D. Quantified risks should always have contingency responses.
Answer: B
NEW QUESTION # 14
In which of the following contract types does the buyer have the most cost risk?
- A. Cost plus fixed fee (CPFF)
- B. Cost plus award fee (CPAF)
- C. Cost plus incentive fee (CPIF)
- D. Cost plus percentage of costs (CPPC)
Answer: D
NEW QUESTION # 15
Harold is the project manager of a large project in his organization. He has been actively communicating and working with the project stakeholders. One of the outputs of the manage stakeholder expectations process can actually create new risk events for Harold's project. Which output of the manage stakeholder expectations process can create risks?
- A. Project management plan updates
- B. Change requests
- C. Organizational process assets updates
- D. Project document updates
Answer: B
NEW QUESTION # 16
Wendy is the project manager of the NNJ project for her company. As part of the variance and trend analysis tool and technique for risk governance she is using earned value management. In this approach, Wendy wants to track and compare the cost and schedule variances. What is the point of this tool and technique in regard to risk?
- A. Wendy can track the cost and schedule variances.
- B. Wendy can determine a true project completion date.
- C. Wendy can forecast deviation of the project cost and schedule for completion targets.
- D. Wendy can review quality performance on baselines.
Answer: C
NEW QUESTION # 17
......
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