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PMI PMI-RMP Exam
PMI Risk Management Professional (Page 11 )

Updated On: 12-Feb-2026
Page 11 of 56
PDF with 463 Questions

Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?

  1. Mitigation
  2. Transference
  3. Acceptance
  4. Avoidance

Answer(s): D



Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?

  1. Corrective action
  2. Risk audit
  3. Technical performance measurement
  4. Earned value management

Answer(s): A



Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project schedule variance is greater than $10,000 the contingency plan will be implemented. What is the formula for the schedule variance?

  1. SV=EV/PV
  2. SV=PV-EV
  3. SV=EV/AC
  4. SV=EV-PV

Answer(s): D



During which of the following processes, probability and impact matrix is prepared?

  1. Perform Qualitative Risk Analysis
  2. Monitoring and Control Risks
  3. Plan Risk Responses
  4. Perform Quantitative Risk Analysis

Answer(s): A



Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project. She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

  1. This is the risk mitigation response.
  2. This is the avoidance risk response.
  3. This is the transference risk response.
  4. This is a scope change and not a risk response.

Answer(s): B






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