Free PMP Practice Exams, Hybrid Exam 2 Test your knowledge on PMP principles, take a Hybrid Methodology exam! Free PMP Practice Exams, Hybrid Exam 2: 1. A contingency plan introduces a new risk that customer interactions may slow down, what type of risk is this? Secondary risk Primary risk Residual risk Compliance risk 2. A company is bidding and there is a penalty clause for delay, what should the project manager do? Record it as a risk in the risk register and review it regularly to avoid the penalty Advise management to purchase insurance coverage to transfer the risk and include it in the budget Advise management not to participate in the request for proposals Increase the quote to mitigate the risk and support the above clause 3. The team is deciding how to start risk management, what is the first step? Risk identification Risk acceptance Risk register Risk analysis 4. While developing the initial schedule baseline, two resources for a critical task are reassigned to another strategic project. What should the project manager do? Meet with the functional manager to negotiate allocation of replacement resources Request a CCB review of the reassignment Escalate to the sponsor Perform a quantitative risk analysis 5. A risk identification workshop is needed for a team in six countries, which technique is most appropriate? Monte Carlo analysis Decision tree analysis Affinity diagram The Delphi technique 6. A new project has strict time and budget constraints and similar projects failed due to scope creep, what should the project manager do now? Establish formal change approval processes to guide teams to deliver essential features first Refuse out-of-scope change requests categorically Adjust scope and schedule now to avoid potential changes Manage expectations to exclude any possibility of changes 7. A diverse team is struggling to work together, how does meeting to develop mutual values and a shared vision facilitate better teamwork? Identify training needs from individual viewpoints Let the team define goals to gain confidence A better understanding of team members’ priorities would create a common language that fosters cooperation Hold an official meeting to discuss the importance of teamwork 8. To analyze similar issues across portfolio projects which artifact should be used first? Lessons learned repository Activity list Issue log Work performance reports 9. A complex multi site manufacturing project enters a high activity phase, what should be done first to keep stakeholders informed? Schedule communications training Determine the most appropriate technology Revise the communications management plan to have a more frequent update schedule Schedule regular status reports to all stakeholders 10. A problem that may impact objectives has occurred, where should it be recorded and monitored? Project management plan Issue log Risk register Lessons learned 11. During risk planning, which risks should be assessed and categorized? All risks identified as high probability of occurrence and high potential impact Only risks identified as high probability of occurrence All identified risks Only risks identified as high potential impact 12. There is limited historical data and uncertainty is high, what should the project manager do? Plan project execution based on stakeholders’ risk appetites Develop the project management plan to identify and prioritize opportunities and threats Develop a risk management plan and inform key stakeholders about the risks involved Inform the sponsor of the risk involved then continue with project delivery 13. What leadership characteristic must a project manager demonstrate when reporting realities to stakeholders? Servant leader Aggressiveness Honesty Power 14. A laptop with proprietary data is lost during travel, what should the project manager do? Inform the customer to purchase a new laptop and update the asset and risk register Request your team to purchase a replacement laptop and update the asset register with new asset tag Inform customer and management immediately launch an investigation update the risk register and take action based on outcome Inform management replace the laptop with the help of an insurance claim and update the asset register 15. During a status meeting, stakeholder expectations are misaligned and unmet. What should the project manager do to keep the project moving? Update the risk register with a high risk Ask stakeholders to email expectations for inclusion in the plan Show alignment with the WBS Meet with stakeholders privately and update the responsibility assignment matrix Loading …
