PMI certification PMI-RMP the latest examination questions and answers come out

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PMI Risk Management Professional Sample Questions (Q33-Q38):

NEW QUESTION # 33
Some project risks are applicable for the project's lifecycle while others risks are only applicable to specific project activities. When should project risks be closed?

A. When the stakeholders agree a risk is no longer applicable
B. When the forecast activity date has been met or exceeded
C. When the risk has been realized and can no longer happen again
D. When iterative data analysis determines the risk is not applicable

Answer: A

Explanation:
Project risks should be closed when the stakeholders agree a risk is no longer applicable. This ensures that risks are actively managed and only relevant risks are considered throughout the project lifecycle.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, project risks are uncertain events or conditions that may have a positive or negative effect on one or more project objectives1. Project risks can be closed when they are no longer applicable to the project or its activities. The process of closing project risks involves verifying that the risk responses have been completed, documenting the outcomes, and evaluating the effectiveness of the risk management process2. The decision to close a project risk should be made by the stakeholders who are responsible for or affected by the risk, as they are the ones who can determine whether the risk is still relevant or not. Therefore, the correct answer is B. When the stakeholders agree a risk is no longer applicable.

NEW QUESTION # 34
A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects.
What should the project manager do in this situation?

A. Escalate this initiative to project decision makers and sponsors.
B. Take advantage of this opportunity of Improving the project performance.
C. Outsource the implementation of the new technology as soon as possible.
D. Accept the fact that there is a risk associated with this new technology.

Answer: B

Explanation:
The project manager should escalate this initiative to project decision makers and sponsors, as they have the authority to approve changes in budget and scope. They can evaluate the potential benefits and associated with the new technology and make an informed decision on whether to proceed.
According to the PMBOK® Guide1, an opportunity is a risk that would have a positive effect on one or more project objectives if it occurs. Opportunities are uncertain events or conditions that can enhance or facilitate the achievement of project goals, such as cost savings, schedule acceleration, quality improvement, or scope expansion. A project manager should take advantage of opportunities by implementing risk responses that seek to maximize their probability and/or positive impact. In this case, the project manager wants to introduce a newtechnology to improve the project's performance, which is an opportunity for the project. The project manager should take advantage of this opportunity by planning and executing appropriate risk responses, such as exploiting, enhancing, sharing, or accepting the opportunity. This is part of the Plan Risk Responses and Implement Risk Responses processes in the PMBOK® Guide1. References: 1: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition.

NEW QUESTION # 35
A project manager is creating a risk management plan, but participants in a group meeting are hesitant to express their concerns. What will encourage participants to offer their opinions?

A. Brainstorming
B. Nominal group technique
C. Interviews
D. Monte Carlo simulation

Answer: B

NEW QUESTION # 36
You work as a project manager for BlueWell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decided, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project which of the following are likely to increase?

A. Human resource needs
B. Costs
C. Risks
D. Quality control concerns

Answer: C

NEW QUESTION # 37
You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose relevancy to the project has passed. What should you do with these events that have not happened and would not happen now in the project?

A. Close the outdated risks
B. Add the risk to the issues log
C. Add the risks to a low-priority watchlist
D. Add the risks to the risk register

Answer: A

NEW QUESTION # 38
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