PMI PMBOK Knowledge Areas 3 — Questions and Answers
Question 1: A project team is using a risk register and discovers a previously identified risk has occurred. What is the FIRST thing the project manager should do?
- Update the risk register
- Implement the planned risk response (Correct answer)
- Escalate to the sponsor
- Conduct a new risk assessment
Correct answer: Implement the planned risk response
When a risk event occurs, the project manager should implement the pre-planned risk response strategy documented in the risk register.
Question 2: Which procurement document is used when price is the primary selection criterion and the requirements are well-defined and standardized?
- Request for Proposal (RFP)
- Request for Quotation (RFQ) (Correct answer)
- Invitation for Bid (IFB)
- Request for Information (RFI)
Correct answer: Request for Quotation (RFQ)
An RFQ is used when the scope is well-defined and the buyer primarily wants to compare prices among qualified vendors.
Question 3: During the Monitor and Control Risks process, a project manager identifies a new risk not previously documented. What is the CORRECT action?
- Add it to the risk register and plan a response (Correct answer)
- Ignore it if it has low probability
- Immediately escalate to the project sponsor
- Document it in the lessons learned register
Correct answer: Add it to the risk register and plan a response
Newly identified risks should be added to the risk register and have appropriate response strategies planned, regardless of when they are discovered.
Question 4: A project manager uses a RACI chart in Resource Management. What does the 'I' stand for?
- Implementer
- Informed (Correct answer)
- Inspector
- Initiator
Correct answer: Informed
In a RACI chart, 'I' stands for Informed — these are people who need to be kept up to date on decisions and progress but are not directly responsible.
Question 5: Which communication method involves sending information to recipients who can access it at their own discretion, such as intranets or databases?
- Interactive communication
- Push communication
- Pull communication (Correct answer)
- Formal verbal communication
Correct answer: Pull communication
Pull communication is used for large volumes of information or large audiences, where recipients access content at their own discretion from shared repositories.
Question 6: A project's Schedule Variance (SV) is -$15,000. What does this mean?
- The project is $15,000 under budget
- The project is $15,000 behind schedule in terms of work value (Correct answer)
- The project will be completed 15 days late
- The project is ahead of schedule by $15,000
Correct answer: The project is $15,000 behind schedule in terms of work value
A negative SV (EV - PV) indicates the project is behind schedule, meaning less work has been completed than was planned for this point.
Question 7: Which process involves breaking down deliverables into smaller, more manageable components using a hierarchical decomposition?
- Collect Requirements
- Define Scope
- Create WBS (Correct answer)
- Validate Scope
Correct answer: Create WBS
Create WBS decomposes project deliverables and work into smaller, manageable components organized into a Work Breakdown Structure.
PMI PMBOK Knowledge Areas 3
A project team is using a risk register and discovers a previously identified risk has occurred.
What is the FIRST thing the project manager should do?