Task 2 Assess Project Environment for Threats and Opportunities PMI-RMP Practice Questions (Page 4)

Questions 16–20

1. 16application · medium

   A project has a very tight budget and a fixed deadline. The risk management plan calls for a comprehensive quantitative risk analysis, but the budget for risk management activities is limited. The project manager must decide how to allocate the remaining risk management budget. What is the most effective approach under this constraint?

   • AUse the PMIS to automatically generate a quantitative analysis without additional cost
   • BConduct a full quantitative analysis using a specialized software tool
   • CSkip risk analysis and rely on expert judgment from the project team
   • DFocus on qualitative analysis for all risks and quantitative analysis only for the top-priority risks
   Reveal Solution Discussion Select an answer first
2. 17expert · hard

   A project manager is reviewing the PMIS for risk management. The system can generate risk reports, but the data is often outdated because team members enter information irregularly. The project manager has limited authority to enforce data entry. The project is in a regulated industry, and the risk report is required for an upcoming audit. What is the most effective way to ensure the risk report is accurate for the audit?

   • AUse the PMIS data as-is and note the data quality limitations in the report
   • BRequest more authority from the sponsor to enforce data entry
   • CSupplement the PMIS data with a focused risk review workshop with key stakeholders
   • DAsk the team to update the PMIS immediately before the audit
   Reveal Solution Discussion Select an answer first
4. 18expert · hard

   A project manager is analyzing stakeholders for a large construction project. The local community has high interest but low influence. The government regulator has high influence and high interest. The project sponsor has high influence but low interest. The project manager needs to manage these stakeholders effectively. What is the most critical risk related to stakeholder management in this scenario?

   • AThe local community's high interest means they should be managed closely
   • BThe project sponsor's low interest means they should be kept informed with detailed reports
   • CThe government regulator's high influence and interest require close management to ensure compliance
   • DThe local community's low influence means they can be safely ignored
   Reveal Solution Discussion Select an answer first
5. 19application · medium

   A project team is working in an organization where risk management is seen as a bureaucratic exercise. Team members rarely report risks, and when they do, they are often ignored. The project manager wants to foster a culture of risk awareness. What is the most effective first step?

   • ACreate a simple, visible risk register and publicly acknowledge and act on reported risks
   • BAssign a dedicated risk manager to handle all risk-related activities
   • CReward team members who report the most risks with a bonus
   • DMandate that all team members attend a risk management training session
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   In a SWOT analysis, which of the following is an example of an internal weakness?

   • AFavorable government regulations
   • BA new competitor entering the market
   • CIncreasing market demand
   • DLack of skilled personnel on the team
   Reveal Solution Discussion Select an answer first