PMI-RMP Monitor and Control Risks 2

Question 1

During risk monitoring, a previously identified risk has not occurred and its triggers are no longer relevant. What is the appropriate action?

Accepted Answer

Close the risk and update the risk register

Answer

Escalate the risk to the sponsor

Answer

Increase the contingency reserve

Answer

Re-perform quantitative analysis

Question 2

A risk audit is primarily used to evaluate what during Monitor Risks?

Accepted Answer

The effectiveness of risk responses and the risk management process

Answer

The accuracy of the project schedule

Answer

The quality of stakeholder communication

Answer

The financial health of the vendor

Question 3

What technique compares the amount of contingency reserve remaining to the amount of risk remaining at a point in time?

Accepted Answer

Reserve analysis

Answer

Variance analysis

Answer

Trend analysis

Answer

Earned value analysis

Question 4

A new risk is discovered during project execution that was not in the risk register. What should the risk professional do first?

Accepted Answer

Identify and analyze the risk, then record it in the register

Answer

Immediately implement a workaround

Answer

Spend the management reserve

Answer

Cancel the affected work package

Question 5

Which output of Monitor Risks captures the actual outcomes of project risks for future projects?

Accepted Answer

Lessons learned and organizational process asset updates

Answer

Change requests

Answer

Project charter

Answer

Procurement statement of work

Question 6

A response to an unplanned risk that has occurred but had no pre-planned response is called what?

Accepted Answer

A workaround

Answer

A contingency plan

Answer

A fallback plan

Answer

A trigger condition

Question 7

Technical performance measurement compares technical accomplishments against what?

Accepted Answer

The schedule of planned technical achievements

Answer

The cost baseline

Answer

The communications plan

Answer

The procurement plan