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PMI Risk Management Professional Sample Questions (Q29-Q34):

NEW QUESTION # 29
A Scrum team has recently lost its product owner to another team. A new product owner has been hired for the Scrum team. This product owner is currently new to the project, unfamiliar with the team's practices, and does not have a full grasp of the product users. After a few sprints, the product owner is receiving constructive feedback from both internal and external stakeholders related to the direction of the product and its current challenges.
What can the product owner do to improve the product's perception among stakeholders and ensure the team understands the product vision?(Choose 2)

A. Invite more stakeholders to the daily scrum meetings to voice their opinion of the product.
B. Create sprint goals and communicate them at the sprint planning event.
C. Invite product teams to more frequent reviews to observe the team's work and encourage feedback.
D. Invite stakeholders to the sprint retrospective to brainstorm with the team improvements.
E. Re-assess the product goal, place it on the product backlog, and explain it to the team.

Answer: B,E

Explanation:
Comprehensive and Detailed In-Depth Explanation:
A newly appointed product owner must ensureclarity in the product visionand alignment with both the team and stakeholders. Since they are unfamiliar with the project, the best approach is toreassess the product goal andset clear sprint goalsto guide the team effectively.
Option A: Re-assess the product goal, place it on the product backlog, and explain it to the team.
(Correct#)
* Theproduct goaldefines the long-term objective of the Scrum team and is a keyelement of the product backlog.
* By revisiting and clarifying this goal, the product owner ensures that the team has a cleardirectionand understands thevalue being delivered.
* TheScrum Guide (2020)states:"The Product Goal describes a future state of the product which can serve as a target for the Scrum Team to plan against."
* ThePMI Agile Practice Guide (2017, p. 52)highlights that a strong product vision aligns stakeholders and enhances transparency.
Option C: Create sprint goals and communicate them at the sprint planning event. (Correct#)
* Sprint goals provideshort-term directionand help the team stay aligned with stakeholder expectations.
* Communicating these goals duringSprint Planningensures that everyone is on the same page regarding priorities.
* According to theScrum Guide (2020):"The Sprint Goal is the single objective for the Sprint. Although the Sprint Goal is a commitment by the Developers, it provides flexibility in terms of the exact work needed to achieve it."
* ThePMI Agile Practice Guide (2017, p. 61)also states that sprint goalsimprove transparency and trustbetween the product owner, team, and stakeholders.
Why Other Options Are Incorrect:
Option B: Invite more stakeholders to the daily Scrum meetings to voice their opinion of the product.
(Incorrect#)
* TheDaily Scrum is a time-boxed eventmeant for thedevelopment team onlyto inspect progress and plan the next steps.
* Including stakeholders in theDaily Scrumwould disrupt its purpose and lead to inefficiency.
* TheScrum Guide (2020)states:"The Daily Scrum is a 15-minute event for the Developers of the Scrum Team. It is not intended as a status meeting for stakeholders." Option D: Invite product teams to more frequent reviews to observe the team's work and encourage feedback. (Incorrect#)
* Sprint reviews already include stakeholders to inspect the increment and provide feedback.
* Increasing the frequency of reviewscould create unnecessary overheadand disrupt the team's workflow.
* TheScrum Guide (2020)recommendsone sprint review per sprintrather than additional reviews.
Option E: Invite stakeholders to the sprint retrospective to brainstorm with the team improvements.
(Incorrect#)
* Sprint retrospectives areinternal team meetingswhere the Scrum Team reflects on their processes and identifies improvements.
* Stakeholders should provide feedback duringSprint Reviews, not retrospectives.
* According to theScrum Guide (2020):"The purpose of the Sprint Retrospective is to plan ways to increase quality and effectiveness. The Scrum Team identifies the most helpful changes to improve its effectiveness." Final Verdict:
The best two actions the product owner can take are:
#Re-assess the product goal, place it on the product backlog, and explain it to the team.#Create sprint goals and communicate them at the sprint planning event.
These steps ensureclarity, alignment, and engagementbetween the product owner, team, andstakeholders, improving the overall product perception.
References:
* Scrum.org.The Scrum Guide(2020). Retrieved fromhttps://scrumguides.org
* PMI.Agile Practice Guide(2017). PMI & Agile Alliance.
* PMI.Risk Management in Portfolios, Programs, and Projects - A Practice Guide(2022).

NEW QUESTION # 30
You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?

A. Risk management plan
B. Risk log
C. Risk register
D. Project management plan

Answer: C

NEW QUESTION # 31
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?

A. Risk Breakdown Structure
B. Scope statement
C. Lessons learned
D. Technical documentation

Answer: D

NEW QUESTION # 32
Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

A. Contingency reserve
B. Risk response plan
C. Risk response
D. Quantitative analysis

Answer: A

NEW QUESTION # 33
Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

A. Determine the risk root cause rather than the person identifying the risk events
B. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
C. Establish risk boundaries
D. Establish definitions of the level of probability and impact of risk event

Answer: D

NEW QUESTION # 34
......

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