PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 101:

  Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?

  A. Project scope statement
  B. Risk management plan
  C. Risk register
  D. Stakeholder register
  D. Stakeholder register

• Question 102:

  You work as a project manager for BlueWell Inc. You have to communicate the causes of risk events to the stakeholders. Which risk diagramming technique you will use to communicate the causes of risk events to project stakeholders?

  A. Project network diagrams
  B. Process flow charts
  C. Ishikawa diagrams
  D. Influence diagrams
  C. Ishikawa diagrams

• Question 103:

  A project team does not understand why a very low probability risk occurred during project execution. The team was especially vigilant about planning for this type of risk during the risk planning phase. The project has been delayed by 2 months, and the stakeholders are considering canceling the project. The risk manager needs to demonstrate that the project can be concluded.

  Which analysis should the risk manager perform to demonstrate this to the stakeholders'?

  A. Monte Carlo analysis
  B. Pareto analysis
  C. Ishikawa analysis
  D. Qualitative risk analysis
  A. Monte Carlo analysis

• Question 104:

  What would be the next step after determining the agreed-upon risk response for a specific risk?

  A. Add the risk response to the project management plan and document the predicted exposure.
  B. Evaluate the project related implications and update the risk response to the project management plan if needed.
  C. Document the predicted exposure
  D. Communicate to stakeholders
  D. Communicate to stakeholders

• Question 105:

  Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?

  A. Enhance
  B. Transference
  C. Share
  D. Acceptance
  D. Acceptance

• Question 106:

  After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in the response plan to help mitigate the risks?

  A. Probability of a response triggering a secondary risk
  B. How the response will affect the quality of the components
  C. If the risk response is tied to an activity on the critical path
  D. Verify due dates for the actions have been identified
  D. Verify due dates for the actions have been identified

• Question 107:

  Mary is the project manager of the HGH Project for her company. She and her project team have agreed that if the vendor is late by more than ten days they will cancel the order and hire the NBG Company to fulfill the order. The NBG Company can guarantee orders within three days, but the costs of their products are significantly more expensive than the current vendor. What type of a response strategy is this?

  A. Internal risk management strategy
  B. Contingent response strategy
  C. External risk response
  D. Expert judgment
  B. Contingent response strategy

• Question 108:

  

  A project has four risks that are identified during the risk identification process. The table shows the probability of each risk occurring and the corresponding cost. What is the total estimated monetary value of cost for this project?

  A. US$-1,590
  B. US$-1,090
  C. US$1,090
  D. US$1,590
  B. US$-1,090

• Question 109:

  Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.

  

  If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

  A. $35,000
  B. $41,700
  C. $14,000
  D. $6,700
  D. $6,700

• Question 110:

  A risk manager is managing risks of a mission critical application. A subject matter expert (SME) asks the risk manager to treat every single risk identified as an extremely high priority. What should the risk manager do?

  A. Ask the project sponsor if every risk in the risk register can have the same priority.
  B. Mark every identified risk as an extremely high priority and any future risks as a lower priority.
  C. Agree with the SME, treat every risk with equal priority, and inform all stakeholders.
  D. Perform a sensitivity analysis and determine the correct priority of every identified risk.
  D. Perform a sensitivity analysis and determine the correct priority of every identified risk.