Task 1 Gather and Analyze Performance Data PMI-RMP Practice Questions (Page 2)

Questions 6–10

1. 6foundation · easy

   To determine the completion status of a work package, what should the risk manager compare actual performance data against?

   • AThe risk management plan
   • BThe project baseline
   • CThe stakeholder register
   • DThe project charter
   Reveal Solution Discussion Select an answer first
2. 7foundation · easy

   During a project status review, the risk manager needs to consolidate performance data from multiple work packages to support risk analysis. Which action best describes the process of reconciling performance data from risk-relevant work packages?

   • AApproving change requests that affect the project baseline
   • BCollecting and cross-checking performance reports from work packages that have identified risks to ensure accuracy and completeness
   • CUpdating the risk register with new risks identified during the reporting period
   • DReviewing the project charter to confirm the project's high-level objectives and constraints
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A project manager is analyzing cost performance for a work package. The earned value (EV) is $15,000, and the actual cost (AC) is $18,000. The project manager also notices that the cost variance has been increasing over the past three reporting periods. What is the most appropriate next step?

   • AReduce the scope of the work package to bring costs back in line.
   • BUpdate the project baseline to reflect the actual cost of $18,000.
   • CInvestigate the root cause of the increasing cost variance and assess its impact on project risk.
   • DReport the variance to stakeholders and request additional funding.
   Reveal Solution Discussion Select an answer first
5. 9foundation · easy

   What does variance analysis primarily involve in the context of project performance?

   • ACommunicating project status to stakeholders in a formal report
   • BUpdating the risk register with new risks and their probabilities
   • CCalculating the difference between planned and actual performance and interpreting the cause
   • DReviewing the project's quality metrics and acceptance criteria
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6. 10expert · hard

   A project manager is consolidating performance data from multiple work packages. One work package has a high-risk rating and is reporting a cost variance of -$15,000. Another work package has a low-risk rating and is reporting a schedule variance of -$2,000. The PM has limited time and resources. Which work package should the PM prioritize for further analysis?

   • ANeither work package because the variances are within acceptable thresholds.
   • BThe low-risk work package because its schedule variance may affect the critical path.
   • CThe high-risk work package because its cost variance is larger and it has a higher risk rating.
   • DBoth work packages equally because all variances should be analyzed.
   Reveal Solution Discussion Select an answer first