Here is this week's free PMP exam sample question from the PM Exam Simulator.

1. PMP EXAM
SAMPLE Q & A

2. A project team is mulling over two risk responses for inclusion in the risk register. The first risk
response has two criteria that must be met and costs $5,000. The second risk response has four
criteria that must be met, but only costs $2,000.
What action is the project team least likely to take in selecting the best risk response?
A. Running a Monte Carlo simulation
B. Performing an alternatives analysis
C. Conducting a cost-benefit analysis
D. Using multicriteria decision analysis
HINT: There are only two options under consideration in this scenario.
Question

3. Note, the question is asking for the action that the project team is 'least' likely to take in selecting
the risk response. A Monte Carlo simulation is a data analysis technique where a computer model
is iterated many times, with the input values chosen at random for each iteration driven by the
input data, including probability distributions and probabilistic branches. Outputs are generated
to represent the range of possible outcomes for the project.
The correct answer is A.
In this scenario, the project team is deciding between two different risk responses for inclusion in
the risk register, which suggests that the project team is currently performing the Plan Risk
Responses process.
Alternatives analysis, cost-benefit analysis, and multicriteria decision analysis are all techniques
which are commonly used during the Plan Risk Responses process to select risk responses.
Answer

4. Using a Monte Carlo simulation is not appropriate when only a small, finite number of options are
under consideration. Since there are only two options under consideration, in this case, a Monte
Carlo simulation is not the appropriate tool for the project team to use in selecting the best risk
response.
However, in this case, there are only two options under consideration which can serve as inputs
for the simulation. Thus, a Monte Carlo simulation would only be able to perform two unique
iterations rather than the many iterations required to produce a probability distribution.
Answer

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