25 Other Free PMP Practice Exam On Project Risk Management

Kindly go to 25 other free PMP practice exam to practice and prepare well for your Pmp examination. Just like other examination that you will be checked by the system of basic questions about your major to get successfully a certification, thus, PMP is not different, indeed, you need to prepare well your knowledge around planning the project, initiating the project, executing the project, monitoring and controlling the project or closing the project. As such, there are 5 domains I said above included in your real test, each domain has the different percent in total of 100% questions. Therefore, you need to score 106 out of 200 questions to pass the exam but it depends on the difficult question’s level to know how many questions that you must answer correctly to pass the exam. Here is 25 free quiz questions below for your self- practice that is the best study method to learn the concepts. Let’s start practice these quiz questions to help yourself add more confidence to pass your real test. Moreover, you do not need to pay any fee for your practice because of 100% free, but also it saves your time a lot. Especially, full answers will appear automatically as soon as your submit without downloading. Enjoy us to discover all background and remember leaving your comment below in order to talk about your excellent result. Thanks for your time.

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25 Other Samples Free PMP Practice Exam On Project Risk Management

b. A probabilistic method of predicting outcomes

What is decision tree analysis?a. A simulationb. A probabilistic method of predicting outcomesc. Part of the PERT systemd. A risk response method
What is a workaround?a. A solution or reaction to an unexpected occurrenceb. The same thing as a contingency reservec. An attempt to sneak additional scope into the projectd. None of the above
What is risk tolerance?a. A qualitative measurement methodb. The ability of the project team to identify risksc. Management's reaction when the unexpected occursd. A measure of an organization's willingness to accept risk
What is the objective of risk identification?a. Identify the person who has the responsibility for the projectb. Expose risks that may occurc. React to events that have occurredd. Quantify risks

Why should risk management be done?a. It is part of the project methodologyb. Other team members expect itc. It should only be done on large projectsd. To protect the project's success from uncertainty

d. Risk tolerance control
d. At the contracting/ procurement stage
d. A measure of an organization's willingness to accept risk
d. To protect the project's success from uncertainty

d. Use a qualitative method

If you are analyzing a risk but lack numerical evidence as to its impact, you should _____.a. Ignore the risk until you can collect datab. Ask management for more timec. Use a quantitative methodd. Use a qualitative method
Which of the following is not a quantitative method?a. Decision tree analysisb. SWOTc. Monte Carlo simulationd. Sensitivity analysis
Why should risk management be done?a. It is part of the project methodologyb. Other team members expect itc. It should only be done on large projectsd. To protect the project's success from uncertainty
Which of the following is not one of the PMBOK risk processes?a. Risk response planningb. Risk identificationc. Quantitative risk analysisd. Risk tolerance control

b. A $62,500 profit

Your project involves using a new release of a common software application, but if that release is not available, your team has ______ plans to use a current release.a. Fallbackb. Reservec. Contingencyd. Mitigation
If a project has a 25% chance of loss of $50,000 an a 75% chance of a profit of $100,000, what is the expected monetary value (EVM) of the project?a. A $75,000 profitb. A $62,500 profitc. A $12,500 lossd. A $50,000 loss
Suppose there is a 30% chance that you will lost $10,000 and a 70% chance that you will earn $100,000 on a particular project. What is the project's estimated monetary value?a. -$30000b. $70000c. $67,000d. -$67000
Your project has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?a. Acceptanceb. Avoidancec. Transferenced. Mitigation

b. Avoidance

Your project involves using a new release of a common software application, but if that release is not available, your team has ______ plans to use a current release.a. Fallbackb. Reservec. Contingencyd. Mitigation
A risk ____ is a document that contains results of various risk management processes and is often displayed in a table or spreadsheet format.a. management planb. breakdown structurec. probability impact matrixd. register
Your project has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?a. Acceptanceb. Avoidancec. Transferenced. Mitigation
If a project has a 25% chance of loss of $50,000 an a 75% chance of a profit of $100,000, what is the expected monetary value (EVM) of the project?a. A $75,000 profitb. A $62,500 profitc. A $12,500 lossd. A $50,000 loss

a. Seeking

A risk ____ is a document that contains results of various risk management processes and is often displayed in a table or spreadsheet format.a. management planb. breakdown structurec. probability impact matrixd. register
When is the earliest that a thorough risk analysis can be done?a. At project inceptionb. During the Monte Carlo simulationc. After the work breakdown structure has been completedd. At the contracting/ procurement stage
A person who is risk-______ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks.a. Seekingb. Aversec. Neutrald. Aware
Your project involves using a new release of a common software application, but if that release is not available, your team has ______ plans to use a current release.a. Fallbackb. Reservec. Contingencyd. Mitigation

c. Contingency

Your project has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?a. Acceptanceb. Avoidancec. Transferenced. Mitigation
Your project involves using a new release of a common software application, but if that release is not available, your team has ______ plans to use a current release.a. Fallbackb. Reservec. Contingencyd. Mitigation
A person who is risk-______ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks.a. Seekingb. Aversec. Neutrald. Aware
If a project has a 25% chance of loss of $50,000 an a 75% chance of a profit of $100,000, what is the expected monetary value (EVM) of the project?a. A $75,000 profitb. A $62,500 profitc. A $12,500 lossd. A $50,000 loss

a. Simulation

_____ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance.a. Simulationb. Sensitivity analysisc. Monte Carlo analysisd. EVM
_____ is the uncertainty that can have a negative or positive effect on meeting project objectives.a. Risk Toleranceb. Risk Managementc. Riskd. Risk Utility
____ are indicators or symptoms of actual risk events, such as cost overrun on early activities being a symptom of poor cost estimates.a. Triggersb. Probabilitiesc. Impactsd. Watch list items
A risk ____ is a document that contains results of various risk management processes and is often displayed in a table or spreadsheet format.a. management planb. breakdown structurec. probability impact matrixd. register

Which risk management process involved prioritizing risks based on their probability and impact of occurrence?a. Identify risksb. Planning risk managementc. Performing qualitative risk analysisd. Performing Quantitative risk analysis

c. Performing qualitative risk analysis
d. Use a qualitative method
c. A quantitative analysis method
a. Purchasing insurance

Which of the following is not one of the PMBOK risk processes?a. Risk response planningb. Risk identificationc. Quantitative risk analysisd. Risk tolerance control

d. Use a qualitative method
d. Risk tolerance control
d. Simulation
c. Risk avoidance

A Monte Carlo simulation is an example of ______.a. A qualitative analysis methodb. A type of risk responsec. A quantitative analysis methodd. A mitigation strategy

c. Contingency
d. Use a qualitative method
c. Performing qualitative risk analysis
c. A quantitative analysis method

What is the objective of risk identification?a. Identify the person who has the responsibility for the projectb. Expose risks that may occurc. React to events that have occurredd. Quantify risks

c. Risk avoidance
b. Expose risks that may occur
d. register
b. Delphi technique

Which of the following is not a quantitative method?a. Decision tree analysisb. SWOTc. Monte Carlo simulationd. Sensitivity analysis

b. SWOT
c. Risk
a. Seeking
c. $67,000

a. Triggers

____ are indicators or symptoms of actual risk events, such as cost overrun on early activities being a symptom of poor cost estimates.a. Triggersb. Probabilitiesc. Impactsd. Watch list items
_____ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance.a. Simulationb. Sensitivity analysisc. Monte Carlo analysisd. EVM
If you are analyzing a risk but lack numerical evidence as to its impact, you should _____.a. Ignore the risk until you can collect datab. Ask management for more timec. Use a quantitative methodd. Use a qualitative method
Which of the following is not one of the PMBOK risk processes?a. Risk response planningb. Risk identificationc. Quantitative risk analysisd. Risk tolerance control

d. At the contracting/ procurement stage

_____ is the uncertainty that can have a negative or positive effect on meeting project objectives.a. Risk Toleranceb. Risk Managementc. Riskd. Risk Utility
Which of the following is not one of the PMBOK risk processes?a. Risk response planningb. Risk identificationc. Quantitative risk analysisd. Risk tolerance control
When is the earliest that a thorough risk analysis can be done?a. At project inceptionb. During the Monte Carlo simulationc. After the work breakdown structure has been completedd. At the contracting/ procurement stage
Which of the following is not a quantitative method?a. Decision tree analysisb. SWOTc. Monte Carlo simulationd. Sensitivity analysis

What is risk tolerance?a. A qualitative measurement methodb. The ability of the project team to identify risksc. Management's reaction when the unexpected occursd. A measure of an organization's willingness to accept risk

d. To protect the project's success from uncertainty
a. A solution or reaction to an unexpected occurrence
c. Performing qualitative risk analysis
d. A measure of an organization's willingness to accept risk

A risk ____ is a document that contains results of various risk management processes and is often displayed in a table or spreadsheet format.a. management planb. breakdown structurec. probability impact matrixd. register

a. Triggers
b. SWOT
d. register
c. Risk

Which risk identification tool involves driving a consensus among a panel of experts by using anonymous input regarding future events?a. Brainstormingb. Delphi techniquec. Risk breakdown structured. Interviewing

b. Delphi technique
a. Seeking
d. register
b. Avoidance

a. A solution or reaction to an unexpected occurrence

Why should risk management be done?a. It is part of the project methodologyb. Other team members expect itc. It should only be done on large projectsd. To protect the project's success from uncertainty
What is a workaround?a. A solution or reaction to an unexpected occurrenceb. The same thing as a contingency reservec. An attempt to sneak additional scope into the projectd. None of the above
What is decision tree analysis?a. A simulationb. A probabilistic method of predicting outcomesc. Part of the PERT systemd. A risk response method
What is risk tolerance?a. A qualitative measurement methodb. The ability of the project team to identify risksc. Management's reaction when the unexpected occursd. A measure of an organization's willingness to accept risk

Suppose there is a 30% chance that you will lost $10,000 and a 70% chance that you will earn $100,000 on a particular project. What is the project's estimated monetary value?a. -$30000b. $70000c. $67,000d. -$67000

c. $67,000
a. Seeking
c. Risk
b. SWOT

Which of the following is not a risk response mechanism?a. Avoidanceb. Mitigationc. Transferenced. Simulation

d. Simulation
a. Simulation
d. register
b. SWOT

What are management reserves?a. Funds to account for "unknown unknowns"b. Funds to account for "known unknowns"c. A method of risk avoidanced. A workaround

a. Funds to account for "unknown unknowns"
a. A solution or reaction to an unexpected occurrence
d. Use a qualitative method
d. At the contracting/ procurement stage

c. Risk

_____ is the uncertainty that can have a negative or positive effect on meeting project objectives.a. Risk Toleranceb. Risk Managementc. Riskd. Risk Utility
When is the earliest that a thorough risk analysis can be done?a. At project inceptionb. During the Monte Carlo simulationc. After the work breakdown structure has been completedd. At the contracting/ procurement stage
A risk ____ is a document that contains results of various risk management processes and is often displayed in a table or spreadsheet format.a. management planb. breakdown structurec. probability impact matrixd. register
_____ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance.a. Simulationb. Sensitivity analysisc. Monte Carlo analysisd. EVM

c. Risk avoidance

A Monte Carlo simulation is an example of ______.a. A qualitative analysis methodb. A type of risk responsec. A quantitative analysis methodd. A mitigation strategy
When is the earliest that a thorough risk analysis can be done?a. At project inceptionb. During the Monte Carlo simulationc. After the work breakdown structure has been completedd. At the contracting/ procurement stage
Which of the following is not a quantitative method?a. Decision tree analysisb. SWOTc. Monte Carlo simulationd. Sensitivity analysis
Deciding to use a different strategy is an example of ______.a. Risk quantificationb. Monte Carlo simulationc. Risk avoidanced. Risk assessment

a. Purchasing insurance

What is risk tolerance?a. A qualitative measurement methodb. The ability of the project team to identify risksc. Management's reaction when the unexpected occursd. A measure of an organization's willingness to accept risk
You can transfer risk by _____.a. Purchasing insuranceb. Assigning more staffc. Revisiting the analysis of the riskd. Changing the organization's risk tolerance
What is decision tree analysis?a. A simulationb. A probabilistic method of predicting outcomesc. Part of the PERT systemd. A risk response method
What are management reserves?a. Funds to account for "unknown unknowns"b. Funds to account for "known unknowns"c. A method of risk avoidanced. A workaround

25 Other Free PMP Practice Exam On Project Risk Management

25 Other Free PMP Practice Exam On Project Risk Management

25 Other Samples Free PMP Practice Exam On Project Risk Management

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25 Other Free PMP Practice Exam On Project Risk Management

25 Other Samples Free PMP Practice Exam On Project Risk Management

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