PMI PMI-RMP Exam Questions & Answers

You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

A. Risk planning

B. Risk identification

C. Risk monitoring and controlling

D. Risk analysis

Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines what quantitative risk analysis will review?

A. The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.

B. The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.

C. The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.

D. The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.

The risk manager for a data center infrastructure project performs a risk audit. Which of the following represents the primary goals of the audit?

A. Assess performance of project team members and make required changes.

B. Document new risks identified and take the appropriate actions.

C. Assess responsibilities of risks that have occurred and take the appropriate actions.

D. Document what went well and not so well with the risk management process, and recommend actions to improve.