PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 151:

  The project manager requests a method to analyze risk data in a simple format. Which of the following formats should the risk manager suggest for preliminary review of the data?

  A. Monte Carlo analysis
  B. Fishbone diagram
  C. Latin Hypercube analysis
  D. Data tables
  B. Fishbone diagram

• Question 152:

  You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In which of the following processes are you on?

  A. Define Scope
  B. Plan Risk Responses
  C. Plan Risk Management
  D. Identify Risks
  D. Identify Risks

• Question 153:

  David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?

  A. It is a cost-effective means of establishing probability and impact for the project risks.
  B. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.
  C. All risks must pass through quantitative risk analysis before qualitative risk analysis.
  D. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.
  D. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.

• Question 154:

  After completing the sprint on an agile project, a team updates the risk burndown chart and notices that risk exposure has increased to levels that could negatively affect project completion. What should the risk manager do to return the project's risk exposure to an acceptable level?

  A. Update the definition of done (DoD) to improve risk management.
  B. Review the acceptance criteria for upcoming stories.
  C. Prioritize risk mitigation stories for the next sprint.
  D. Check stories in the product backlog to identify risks.
  C. Prioritize risk mitigation stories for the next sprint.

• Question 155:

  A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

  A. Exploit
  B. Mitigation
  C. Transference
  D. Avoidance
  C. Transference

• Question 156:

  Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues. What should the risk manager do to avoid the previous issues?

  A. Use the information for a risk workshop.
  B. Improve monitoring and controlling of activities.
  C. Document the issues in the lessons learned.
  D. Create an issue log to share with the team.
  A. Use the information for a risk workshop.

• Question 157:

  A project team has completed the risk identification steps in a project and compiled a list of 25 risks. The team wants to create response plans for all the risks to avoid any future issues, but the resources and constraints limit the options. What should the risk manager do?

  A. Perform a sensitivity analysis.
  B. Perform a qualitative risk analysis.
  C. Perform a constraint analysis.
  D. Perform a root-cause analysis.
  B. Perform a qualitative risk analysis.

• Question 158:

  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 159:

  You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

  A. Risk planning
  B. Risk identification
  C. Risk monitoring and controlling
  D. Risk analysis
  C. Risk monitoring and controlling

• Question 160:

  A company is preparing a formal response to bid for an infrastructure engineering, procurement, and construction project. When should a risk register be developed to identify risks?

  A. During the project execution phase to allow the project manager to understand the risk attitudes of stakeholders.
  B. When a client project kick-off meeting is held to introduce risk assessment process to the client.
  C. Before a formal bid response is provided to the client to gain a greater understanding of the project's risk profile.
  D. After a project budget is set up with a purchase order to charge hours for a risk workshop.
  C. Before a formal bid response is provided to the client to gain a greater understanding of the project's risk profile.