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PMI Risk Management Professional Sample Questions (Q98-Q103):

NEW QUESTION # 98
You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis. You now need to update the risk register with your findings so that you can communicate the risk results to the project stakeholders - including management. You will need to update all of the following information except for which one?

A. Probabilistic analysis of the project
B. Risk distributions within the project schedule
C. Trends in quantitative risk analysis
D. Probability of achieving cost and time objectives

Answer: B

NEW QUESTION # 99
A complex project that had hundreds of risks is almost done. The project manager is closing the risks as part of the closing process. One team member mentions that there are important documents to be updated.
Which document will need to be updated?

A. Contingency register
B. Lessons learned
C. Risk register
D. Issue log

Answer: B

Explanation:
Explanation
When closing risks as part of the closing process, it is important to update the lessons learned document. This document captures the knowledge and experience gained during the project and can be valuable for future projects.
Lessons learned is a document that captures the knowledge gained from the project and can help improve the performance of future projects. It is one of the outputs of the project closure process and should include information on the project risks, issues, and responses. Lessons learned can help identify the best practices and lessons to be applied or avoided in similar projects. Updating the lessons learned document is an important part of closing the risks as it can provide valuable insights for risk management. References: PMI, Project Risk Management, 2nd edition, 2019, p. 97-981

NEW QUESTION # 100
You are the project manager of the GGK project for your company. The GGK project has a budget of
$1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project.
What are these values?

A. The CPI is -$68,960 and the SPI is $63,255.
B. The CPI is .88 and the SPI is zero.
C. The CPI is .88 and the SPI is 1.14.
D. The CPI is 1.14 and the SPI is .88.

Answer: C

Explanation:
Explanation

NEW QUESTION # 101
You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events.
Which one of the following is NOT a document that will help you identify and communicate risks within the project?

A. Activity cost estimates
B. Stakeholder register
C. Activity duration estimates
D. Risk register

Answer: D

NEW QUESTION # 102
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?

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

Answer: A

NEW QUESTION # 103
......

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