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PMI Risk Management Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.
What should the project manager do next?

A. Monitor and control secondary and residual risks in the risk register.B. Develop risk response plans for all identified risks.C. Identify secondary or residual risks for associated risk plans.D. Update the communications management plan to avoid future issues

Answer: A

Explanation:
Explanation
The project manager should monitor and control secondary and residual risks in the risk register. This will ensure that any new risks identified during the implementation of the risk response plan are captured and managed effectively. Monitoring and controlling risks is acontinuous process that helps in identifying, analyzing, and planning for new risks as well as updating the risk register as needed.


NEW QUESTION # 25
Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?

A. The funds for the risks that have passed and have not happened are transferred to the project budget.B. The funds remain in the contingency reserve until the project is closed.C. The funds remain in the contingency reserve until all of the risks have passed.D. The funds for the risks that have passed and have not happened are released.

Answer: D


NEW QUESTION # 26
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

A. Risk identification with the project teamB. Stakeholder analysis as the project team is a stakeholderC. Risk auditsD. Risk analysis

Answer: C


NEW QUESTION # 27
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?

A. Delphi TechniqueB. Monte Carlo TechniqueC. Quantitative risk analysis processD. Qualitative risk analysis process

Answer: C


NEW QUESTION # 28
What are the supporting elements for effective risk management?

A. Trained core people, matrix organization, simple scalable process, and tools and techniquesB. Competent people, collaborative organization, rigorous process, and tools and techniquesC. Competent people, supportive organization, simple scalable process, and tools and techniquesD. Competent people, functional organization, policy, and tools and techniques

Answer: C


NEW QUESTION # 29
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