PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 121:

  You are the project manager of the GHG project. You are preparing for the quantitative risk analysis process. You are using organizational process assets to help you complete the quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk analysis process?

  A. You will use organizational process assets for risk databases that may be available from industry sources.
  B. You will use organizational process assets for studies of similar projects by risk specialists.
  C. You will use organizational process assets to determine costs of all risks events within the current project.
  D. You will use organizational process assets for information from prior similar projects.
  C. You will use organizational process assets to determine costs of all risks events within the current project.

• Question 122:

  Frances is the project manager of a project in her organization. This project has a budget of $567,000 and is schedule to last for three years. Frances wants to examine the risk events to determine which risk events have the most potential impact on the project. Which modeling technique can help Frances to accomplish this goal?

  A. Expected monetary value
  B. Sensitivity analysis
  C. Quantitative risk analysis
  D. Modeling and simulation
  B. Sensitivity analysis

• Question 123:

  Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

  A. It helps the project team realize the areas of the project most laden with risks.
  B. It saves time by collecting the related resources, such as project team members, to analyze the risk events.
  C. It can lead to developing effective risk responses.
  D. It can lead to the creation of risk categories unique to each project.
  C. It can lead to developing effective risk responses.

• Question 124:

  A project manager is assigned to a new project and is told they need to develop the project's risk register. When should the project manager identify the project risks?

  A. Identify risks only at the project's midpoint for the stakeholders to review them
  B. Ensure project team members proactively identify risks throughout the project to plan for possible response strategies
  C. Identify risks at the beginning of the project because the risk posture will not change
  D. Delegate risk identification to each team member and have them record the risks on separate risk registers for their areas
  B. Ensure project team members proactively identify risks throughout the project to plan for possible response strategies

• Question 125:

  A project team successfully implemented a risk response plan for a major risk event. Residual risks were evaluated and actions were taken to keep them under control. There were no secondary risks after the implementation. What should the risk manager do?

  A. Study the change logs to implement the approved change requests.
  B. Close out the expired risk and update the relevant project documents.
  C. Get permission from stakeholders before documenting lessons learned.
  D. Continue monitoring the critical response plan on the delivered product.
  B. Close out the expired risk and update the relevant project documents.

• Question 126:

  Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

  A. Risk register
  B. Risk low-level watch list
  C. Project scope statement
  D. Project charter
  A. Risk register

• Question 127:

  You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?

  A. Avoidance
  B. Exploiting
  C. Transference
  D. Sharing
  C. Transference

• Question 128:

  You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?

  A. Cause-and-effect diagrams
  B. Project network diagrams
  C. Delphi Technique
  D. Decision tree analysis
  D. Decision tree analysis

• Question 129:

  You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?

  A. Risk mitigation
  B. Risk avoidance
  C. Risk acceptance
  D. Risk transference
  B. Risk avoidance

• Question 130:

  What are the critical success factors for the Plan Risk Management process?

  A. Mitigate all risks, engage stakeholders, and follow organizational policies.
  B. Identify and address barriers, engage stakeholders, and follow organizational policies.
  C. Contingency reserves engage stakeholders and follow organizational policies.
  D. Identify and address barriers, engage stakeholders, and follow government regulations.
  B. Identify and address barriers, engage stakeholders, and follow organizational policies.