Task 1 Gather and Analyze Performance Data PMI-RMP Practice Questions (Page 4)

Questions 16–19

1. 16foundation · easy

   After analyzing performance data, the risk manager determines that overall project risk exposure has increased. What should the risk manager do next?

   • ADelete the risk register and start over
   • BCommunicate the updated risk exposure to enterprise stakeholders
   • CUpdate the project charter to reflect the new risk exposure
   • DIgnore the change because risk exposure is not important
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   A project has a schedule variance (SV) of -5 days. What does this indicate?

   • AThe project is on schedule with no variance
   • BThe project is over budget by 5 days
   • CThe project is behind schedule by 5 days relative to the baseline
   • DThe project is ahead of schedule by 5 days
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A project manager is consolidating performance data from several work packages. One work package has a high-risk rating and is experiencing cost overruns. The PM notices that the cost data from the finance system does not match the package lead's report. What should the PM do first?

   • AEscalate the discrepancy to the project sponsor and request a decision.
   • BUpdate the risk register with the package lead's report because they know the work best.
   • CInvestigate the discrepancy to determine which data source is accurate and complete.
   • DUse the finance system data because it is more objective than the package lead's report.
   Reveal Solution Discussion Select an answer first
5. 19expert · hard

   A project manager is monitoring the impact of performance variances on overall project risk exposure. The project has a schedule variance of -$50,000 and a cost variance of -$30,000. The project sponsor is concerned about the impact on the project's completion date and budget. The PM needs to communicate the risk exposure. What is the most important information to convey?

   • AThe variances are within the contingency reserves, so the project is not at risk.
   • BThe variances will be recovered in the remaining project phases.
   • CThe variances indicate a high likelihood of missing the project deadline and exceeding the budget.
   • DThe variances are due to external factors and are not controllable by the project team.
   Reveal Solution Discussion Select an answer first