PMI-RMP Exam Simulator, PMI-RMP Passguide

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PMI Risk Management Professional Sample Questions (Q83-Q88):

NEW QUESTION # 83
You are the project manager of RTF project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows causal factors for an effect to be solved.
What diagramming technique are you using as a part of the risk identification process?

A. Influence diagrams
B. System or process flow charts
C. Cause and effect diagrams
D. Predecessor and successor diagramming

Answer: C

NEW QUESTION # 84
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.

A. Estimating the average outcome
B. Model development
C. Increased understanding or quantification of the system
D. Decision making or the development of recommendations for decision makers

Answer: B,C,D

Explanation:
Explanation/Reference:

NEW QUESTION # 85
You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of $85,000. Management and you discuss possible solutions to address the risk. You share with them that for $75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule.
Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan.
What type of risk response is used?

A. Acceptance
B. Mitigation
C. Avoidance
D. Exploit

Answer: B

NEW QUESTION # 86
In which of the following contract types does the buyer have the most cost risk?

A. Cost plus award fee (CPAF)
B. Cost plus percentage of costs (CPPC)
C. Cost plus incentive fee (CPIF)
D. Cost plus fixed fee (CPFF)

Answer: B

NEW QUESTION # 87
You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?

A. Sharing
B. Transference
C. Avoidance
D. Exploiting

Answer: B

NEW QUESTION # 88
......

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PMI-RMP Exam Simulator, PMI-RMP Passguide

PMI PMI-RMP Passguide | PMI-RMP Valid Exam Forum

PMI Risk Management Professional Sample Questions (Q83-Q88):

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