QUESTION: 21

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?

$1,650,000
$1,666,667
$663,333
-$8,333

Answer(s): B

Show Answer Next Question

QUESTION: 22

Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?

Monte Carlo Technique
Qualitative risk analysis process
Quantitative risk analysis process
Delphi Technique

Answer(s): C

Show Answer Next Question

QUESTION: 23

You are a risk auditor for your company. You are reviewing the contract types a project manager has used in her project. Of the following, which contract type has the most risk for the project manager as a buyer?

Cost plus percentage of costs
Time and material
Cost plus incentive fee
Fixed-price, incentive fee

Answer(s): A

Show Answer Next Question

QUESTION: 24

Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?

Acceptance
Enhance
Exploiting
Sharing

Answer(s): A

Show Answer Next Question

Free PMI RMP Exam Braindumps (page: 7)

QUESTION: 21

QUESTION: 22

QUESTION: 23

QUESTION: 24

RMP Exam Discussions & Posts