PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 1:

  FILL BLANK Fill in the blank with an appropriate phrase. The _________ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied.

  residual risk

• Question 2:

  FILL BLANK Fill in the blank with an appropriate phrase. ________is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.

  Sensitivity analysis

• Question 3:

  An organization is executing two projects -- Project A and Project B -- simultaneously. A previously identified risk will impact the schedule for Project A. While executing the mitigation plan, a number of residual risks are identified that could provide cost savings for Project

  B.

  Which action should the risk manager for Project A take?

  A. Review the findings in Project A's closure documents and propose a new organizational process for portfolio risk management.
  B. Consult with Project B's risk manager and determine where synergies might exist between the risk management plans for both projects.
  C. Combine the risk registers for Project A and Project B and determine if there are any additional cross-project opportunities to exploit.
  D. Continue executing the planned risk mitigation to avoid any additional schedule impact to Project A.
  B. Consult with Project B's risk manager and determine where synergies might exist between the risk management plans for both projects.

• Question 4:

  A project is underway to implement a new customer support software. During testing, the risk manager discovers that the integration with the existing customer relationship management system is more complex than initially planned, potentially delaying the project. The risk manager needs to update project documents to reflect this new information.

  Which steps should the risk manager consider when updating relevant project documents?

  A. Update the issue log with relevant information as the immediate concern for key stakeholders.
  B. Assume the delay will not affect the timeline and continue with the current scheduled activities.
  C. Update the project documents after the work has been completed and formally accepted.
  D. Assess the delay with the technical team, update the schedule and risk register, and inform stakeholders.
  D. Assess the delay with the technical team, update the schedule and risk register, and inform stakeholders.

• Question 5:

  A project team is leading a software development project. During the project kickoff meeting, the risk manager discovers that a vendor has not finalized the timeline for delivering an essential component. This creates uncertainty in the overall project schedule.

  What should the risk manager do to address the risk?

  A. Hold a meeting to assess the risk's impact and create a response plan with alternative timelines.
  B. Adjust the overall project schedule based on assumptions about the vendor's timeline.
  C. Defer the risk discussion until the vendor finalizes the timeline to prioritize the project's start.
  D. Focus on internal risks and assume the vendor will resolve the issue independently.
  A. Hold a meeting to assess the risk's impact and create a response plan with alternative timelines.

• Question 6:

  At the beginning of a small project, the risk manager facilitates workshops to identify and analyze risks. At the end of the sessions, a stakeholder says that there should be no need to meet again about the risk register now that it's complete since it is such a short and simple project.

  How should the risk manager respond to this comment?

  A. The risk register must only be updated if a change is approved during the project.
  B. Agree on the condition that the risk register be updated if the project environment changes.
  C. Compromise by updating the risk register at the end of each phase only.
  D. Insist on continuous review and updating of the risk register during the project.
  D. Insist on continuous review and updating of the risk register during the project.

• Question 7:

  A new vice president in one of its divisions observed that the portfolio of projects within their division experienced significant variations beyond the ?0% established threshold with the potential of not achieving its overall business goals. Hence, they directed all project leaders and sponsors to ensure that they set and work toward more stringent thresholds of ?% and reports on the basis of any variance outside that range.

  How should the risk manager respond?

  A. Assess the impacts of this change but do nothing as the project is still within the enterprise-wide threshold.
  B. Assess and modify the project risk management plan in response to the new directive.
  C. Accept project risks since it is already within the enterprise-wide threshold.
  D. Advise that the decision could increase the risk of their portfolio exponentially.
  B. Assess and modify the project risk management plan in response to the new directive.

• Question 8:

  A major data center initiative involves performing a sensitivity analysis to determine the center's required amount of disaster recovery. Several key stakeholders are in disagreement about which level of disaster recovery is required. The lessons learned disaster recovery plans, and the difference for this data center is its geographical location and unique climate requirements. The database includes examples from previous similar initiatives, as well as the competitor's advertised plans.

  What should the risk manager do to quantify the risk?

  A. Initiate a 360-degree assessment.
  B. Consult environmental enterprise factors for benchmarks.
  C. Review organizational process assets for guidance.
  D. Consider leveraging the Delphi technique.
  D. Consider leveraging the Delphi technique.

• Question 9:

  The sponsor of a construction project is upset about the results of the risk management team. The sponsor believes the team did not properly identify the risks that could affect the project. The team did manage the risks; however, some of the risk response strategies created secondary risks.

  What should the risk management team have done to manage this situation?

  A. Ensured to include the stakeholders in the team discussions
  B. Encouraged involvement of the project team during the review meetings
  C. Enhanced communication with the sponsor regarding secondary risk impact
  D. Ensured the sponsor got more involved with the project risk planning
  C. Enhanced communication with the sponsor regarding secondary risk impact

• Question 10:

  A new project is about to start, and the risk manager wants to review some documents that could be relevant for risk identification. Which document will help the risk manager in this process?

  A. Detailed work breakdown structure (WBS)
  B. Lessons learned from previous projects
  C. Baselines approved by the project team
  D. Actual data from the current project
  B. Lessons learned from previous projects