RMP online test

1. You are planning risk management activities for a small project you are leading. The project team is having trouble assigning cost and schedule impacts to the identified risks due to a lack of high-quality numeric data.

What is your best course of action?

Make up numeric data and evaluate on a quantitative basis

Release the project team and terminate the project

Proceed directly to the Plan Risk Responses process

Obtain the numeric data from the project sponsor

2. A product will be developed in three consecutive releases, each comprising several iterations. The project sponsor requests that each release include at least one iteration dedicated to protecting value.

How should the sponsor’s request be addressed?

Developing as many valuable user stories as possible

Including risk reduction user stories in some of the iterations

Having the agile leader protect the team from distractions

Applying the value stream mapping to the team’s work process

3. One risk that had been identified and accounted for during the planning stage of your construction project was delays caused by poor weather. However, the abysmal weather has exhausted the schedule reserves, and the project schedule is unattainable despite your best efforts. As a result, the project sponsor asks you to update the schedule baseline.

What should you do next?

Update the schedule baseline as requested by the sponsor

Submit a change request

Crash the schedule

Fast track the schedule

4. As a project execution begins, high winds prevent a team from installing the windows as scheduled. These weather conditions were accounted for in planning, but no one anticipated that the speed of the wind would be that strong.

What tool or technique would the project manager use to determine if he will be able to complete the project according to the project management plan?

Reserve analysis

Quality audit

Pareto diagram

Tornado diagram

5. How should an agile team view failure?

Failure represents a missed opportunity since it’s a sunk cost.

Failure represents work yet to be done.

Failure is better when it occurs early rather than late.

Failure is acceptable at the last responsible moment.

6. A project has a 90% chance of making $200,000 profit and a 10% chance of incurring a loss of $50,000.

If you calculate the expected monetary value, what is the expected outcome of the project?

Profit

Loss

Cannot be determined

Break even

7. Which output of the Perform Qualitative Risk Analysis process includes a prioritized list of all identified risks and a summary conclusion?

Risk register

Assumption log

Updates to the risk report

Work performance reports

8. Which of the following is not an input to the Perform Qualitative Risk Analysis process?

Risk management plan

Stakeholder register

Risk register

Quality management plan

9. A multiyear construction project is scheduled to purchase tons of steel over the course of the project. After the first year, a large tariff was placed on imported steel, sending prices up. The risk response plan is being implemented with little success. It is deemed that the procurement agreement needs to be revised to an FP-EPA contract.

What would be the most likely resulting output of implementing the risk response?

Control procurements

Change request

Cost variance

Risk avoidance

10. A project manager is leading a project to update computer systems. Unfortunately, inadequate training of users on the new system has caused an increase in transaction times. After implementing the risk response, the project manager has collected data on average transaction times, which will be required to assess the effectiveness of the risk response.

What should the project manager do next?

Implement the fallback plan

Update the risk report with the new information

Report the findings to the stakeholders in accordance with the communications management plan

Use technical performance analysis to evaluate the transaction time data

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