PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 141:

  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 142:

  The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit margin.

  The project manager would like the risk manager to take full advantage of opportunities.

  Which response should the risk manager take?

  A. Mitigate
  B. Accept
  C. Transfer
  D. Exploit
  D. Exploit

• Question 143:

  You are the project manager of the NHJ project for your company. This project has a budget at completion of $1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be. What is the estimate at completion?

  A. $1,650,000
  B. $1,666,667
  C. $663,333
  D. -$8,333
  B. $1,666,667

• Question 144:

  You are the project manager of the NHH project for your company. You and the project team have completed the quantitative risk analysis for your project. During this process you create a contingency reserve based on the risk probability-impact matrix as seen in the figure below.

  

  Based on the information in the figure above, what amount would you need to include in your risk contingency fund?

  A. -$465,000
  B. $171,500
  C. -$258,500
  D. $258,500
  D. $258,500

• Question 145:

  In a large enablement project with strict time lines, risks need to be closely monitored. The risk manager publishes reports comparing planned enablement sessions with actual enablement sessions, which help identify potential risks to be addressed.

  Which technique is the risk manager using?

  A. Variance analysis
  B. Residual impact analysis
  C. Sensitivity analysis
  D. Reserve analysis
  A. Variance analysis

• Question 146:

  Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?

  A. Enhancing
  B. Exploiting
  C. Mitigation
  D. Transference
  C. Mitigation

• Question 147:

  In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?

  A. Determines if the project assumptions are still valid
  B. Determines if the risk management policies and procedures are being followed
  C. Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment
  D. Determines if the project constraints are still valid
  D. Determines if the project constraints are still valid

• Question 148:

  A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.

  Which response should the risk manager recommend for these risk items?

  A. Mitigate
  B. Accept
  C. Enhance
  D. Exploit
  B. Accept

• Question 149:

  A project team identified some risks in a project. Team members became interested in predicting the outcomes of their potential choices following their probability of occurrence. Which technique should the risk manager use?

  A. Political, economic, social, technological, legal, and environmental (PESTLE) analysis
  B. Strengths, weaknesses, opportunities, and threats (SWOT) analysis
  C. Decision tree analysis
  D. Cost-benefit analysis
  C. Decision tree analysis

• Question 150:

  Which of the following success factors will enhance the Perform Qualitative Risk Analysis process as the risk occurrence gets closer?

  A. Agreed-upon definition
  B. Iterative analysis
  C. High quality information
  D. Agreed-upon approach
  A. Agreed-upon definition