PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 111:

  You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process?

  A. The project's cost management plan can help you to determine what the total cost of the project is allowed to be.
  B. The project's cost management plan provides direction on how costs may be changed due to identified risks.
  C. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.
  D. The project's cost management plan is not an input to the quantitative risk analysis process.
  C. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.

• Question 112:

  A software development project team was preparing for a phased release when an unknown and unexpected risk occurred with potential for delaying one of the features for the planned release. The project team decided to go ahead with the

  release and address this missing feature at a later date. One of the end users learned about this and strongly opposed the planned release.

  What should the risk manager have done to prevent this situation?

  A. Engaged the sponsor and informed them of the decision to remove the planned feature.
  B. Engaged the stakeholders more in risk management activities and decisions to get their buy-in and support.
  C. Performed proper risk identification at the project outset to ensure this risk was identified and mitigated.
  D. Created a schedule buffer in the plan to deal with unknown risks if and when they occurred.
  B. Engaged the stakeholders more in risk management activities and decisions to get their buy-in and support.

• Question 113:

  Which of the following is the primary project artifact used to capture risks, strategies, ownership patterns, and other vital information about an organization's project risk baseline?

  A. Risk action plan with owners
  B. Risk register
  C. Mitigation plan
  D. Risk management plan
  B. Risk register

• Question 114:

  The risk manager loaded the risk register, built the risks into the simul-ation software, and ran the Monte Carlo analysis. The P80 and P90 end dates are the same as the deterministic date. What should be the risk manager's next step?

  A. Check the schedule for constraints
  B. Use the P90 date on the risk report
  C. Decrease the number of iterations
  D. Decrease the risk consequences
  A. Check the schedule for constraints

• Question 115:

  You work as a project manager for BlueWell Inc. You are working with your team members on the risk responses in the project. Which risk response will likely cause a project to use the procurement processes?

  A. Exploiting
  B. Mitigation
  C. Sharing
  D. Acceptance
  C. Sharing

• Question 116:

  A risk management team has completed a quantitative analysis, and the individual score in terms of schedule and cost has been identified. The team is consolidating inputs for contingency planning and notices that the available time and funds are not sufficient for all the risks.

  What should the risk manager advise the project team?

  A. Ask the project sponsor for more time and funds if needed.
  B. Create a change request if there are additional needs based on the risk responses.
  C. Accept some risks might not be materialized so no extra time and funds will be needed.
  D. Focus on the high-impact risk for contingency planning purposes.
  D. Focus on the high-impact risk for contingency planning purposes.

• Question 117:

  A new risk manager is assigned to an ongoing project, what should the new risk manager do first to assess the project environment?

  A. Review potential next steps with the project team.
  B. Review the scope of work to determine the prescribed project methodology.
  C. Review the policies and practices that are outlined in the risk management plan.
  D. Review the contract and determine the resources and project funding.
  C. Review the policies and practices that are outlined in the risk management plan.

• Question 118:

  A project manager was informed that the testing of the latest component in the project's software update release was not successful. As a result, 1he delivery timelines for the software release wifi be delayed, The project manager did not previously capture this as a risk to the project.

  What should the project manager do next to avoid similar risks?

  A. Add contingencies to other tasks to mitigate similar risks.
  B. Reassess risks with a new assumptions and constraints analysis.
  C. Review the risk response plan looking for lessons learned.
  D. Log the event in the issue log and update the project management plan.
  B. Reassess risks with a new assumptions and constraints analysis.

• Question 119:

  The project team recorded a risk in the risk register indicating that weather-related delays may impact equipment delivery during project execution. When it is time to request the equipment shipment there is bad weather, but the client wants the equipment delivered anyway.

  What should the project manager do?

  A. Wait until the weather improves before sending the equipment.
  B. Ask the project sponsor to approve shipping the equipment.
  C. Proceed with the planned risk response to move the equipment.
  D. Request the shipment of the equipment to satisfy the client.
  C. Proceed with the planned risk response to move the equipment.

• Question 120:

  Three months into a program, multiple workstreams are showing issues. At this point, the program manager requires that a risk impact assessment be conducted. What will help calculate the impact?

  A. Risk analysis
  B. Risk identification
  C. Risk treatment
  D. Risk evaluation
  A. Risk analysis