Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?
Answer : C
What approach can a project manager use to improve the project's performance during qualitative risk analysis?
Answer : C
- Focus on near-term risks first.
- Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.
- Focus on high-priority risks.
- Analyze as many risks as possible regardless of who initiated the risk event.
Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?
Answer : B
- The project scope statement must be understood to see the project requirements and the
inherent risks of the project.
- The project scope statement will reveal the type of project as either a recurrent or first-of-itskind project.
- The project scope identifies the risks associated with project constraints.
- The project scope statement must be reviewed to understand the quality requirements and the risks associated with the demand for quality.
Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?
Answer : D
- Risks in the project should be addressed by their probability for creating risk responses.
- Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
- Risks in the project should be addressed by their impact for creating risk responses.
- Risks in the project should be addressed by their priority for creating risk responses.
Joan is a project management consultant and she has been hired by a firm to help them identify risk events within the project. Joan would first like to examine the project documents including the plans, assumptions lists, project files, and contracts. What key thing will help Joan to discover risks within the review of the project documents?
Answer : BDownload more RMP sample questions from above download links.
- The project documents will help the project manager, or Joan, to identify what risk identification
approach is best to pursue.
- Lack of consistency between the plans and the project requirements and assumptions can be the indicators of risk in the project.
- Poorly written requirements will reveal inconsistencies in the project plans and documents.
- Plans that have loose definitions of terms and disconnected approaches will reveal risks.
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