Practice Quiz

Risk Management Professional Exam Prep - Question List

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21. Boris has identified some key risks in a new project he is leading. What are the acceptable ways to deal with this risk?
  1. Say this risk is fine and do nothing.
  2. Invest in a resource to monitor the specific risk.
  3. Pay another contractor to execute a piece of the project that seems risky with a penalty if they fail.
  4. Pay an insurer to compensate the company with a cash payment if the risk does not work out.
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22. Jerry has been asked to be very diligent about risk management since his new company has experienced rather involved complications before. Which best exemplifies good risk management?
  1. analyzing, planning and monitoring risks
  2. increasing the possibility of good results
  3. decreasing the possibility of bad results
  4. installing Risk-Buddy, a software solution, to handle all of your risk management needs
  5. mitigating major risks
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23. Projects that involve two-sided communication tend to advance with fewer issues and risks. Which answer best exemplifies two-sided communication for Project Janus?
  1. Reporting out on a Project Janus via e-mail
  2. Delivering a hard copy status update on Project Janus personally to each project member’s desk
  3. Offering help to a team member who is having trouble completing a particular task
  4. Asking to be included on meetings outside the scope of the project
  5. All of the above
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24. For which of the following can you have a baseline?
  1. Scope
  2. Schedule
  3. Cost
  4. Quality
  5. Technical
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25. Caroline is managing a project at The Forrester Company. In the project charter she helped draft, it’s noted that Systems A and B are assumed to be the only systems impacted; however, it comes to light several weeks later that System C is also impacted. Which statement is correct about this particular situation?
  1. The constraints in the project charter will need to be adjusted by the Sponsor.
  2. The assumptions in the statement of work will need to be adjusted by the Project Manager
  3. The constraints and assumptions will need to be revisited by the Initiating Process Group and the overall project plan adjusted.
  4. This project is a wash. Start from scratch.
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