Free PMP exam sample question of the week

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. 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. 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.
Answer

4. 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. 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.
Answer

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