QUESTION: 25

You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

$142,000
$41,750
$23,750
$232,000

Answer(s): C

Reveal Solution Next Question

QUESTION: 26

You are project manager for ABD project. You, with your team, are working on the following activities:

-Probabilistic analysis of a project.
-Probability of achieving cost and time objectives.
-Trends in Qualitative Risk Analysis results.

On which of the following processes are you working on?

Plan Risk Management
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Identify Risks

Answer(s): B

Reveal Solution Next Question

QUESTION: 27

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
Determine the risk root cause rather than the person identifying the risk events
Establish risk boundaries
Establish definitions of the level of probability and impact of risk event

Answer(s): D

Reveal Solution Next Question

QUESTION: 28

Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines?

New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.
Risk responses protect the time and investment of the project.
Risk responses may take time and money to implement.
Baselines should not be updated, but refined through versions.

Answer(s): A

Reveal Solution Next Question

Free RMP Exam Braindumps (page: 8)

QUESTION: 25

QUESTION: 26

QUESTION: 27

QUESTION: 28

Exam Discussions & Posts