PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 171:

  At the beginning of a small project, the risk manager facilitates workshops to identify and analyze risks. At the end of the sessions, a stakeholder says that there should be no need to meet again about the risk register now that it's complete since it is such a short and simple project.

  How should the risk manager respond to this comment?

  A. The risk register must only be updated if a change is approved during the project.
  B. Agree on the condition that the risk register be updated if the project environment changes.
  C. Compromise by updating the risk register at the end of each phase only.
  D. Insist on continuous review and updating of the risk register during the project.
  D. Insist on continuous review and updating of the risk register during the project.

• Question 172:

  Frank is the project manager of the NHL Project for his company and he is starting the risk identification process for the project. Frank needs to ensure that the correct stakeholders are interviewed as part of risk identification. What document will help Frank to communicate and solicit inputs of the project stakeholders during risk identification?

  A. Project charter
  B. Risk register
  C. Requirements management plan
  D. Stakeholder register
  D. Stakeholder register

• Question 173:

  A race director is planning a marathon with US$80,000 in upfront costs that will be offset by race fees. The remainder of the funds will be donated to a national charity. State law mandates that all money paid by the participants must be refunded if the race is cancelled for any reason.

  Which of the following is the best example of a risk mitigation response?

  A. Let the runners know the race will be cancelled only in the event of an emergency.
  B. Purchase an insurance policy covering up to US$85,000 in losses, at a cost of US$5,000, in the event the race is cancelled.
  C. Inform the charity that they will receive no funds should the race be cancelled.
  D. Charge the runners an additional amount to cover the US$80,000.
  B. Purchase an insurance policy covering up to US$85,000 in losses, at a cost of US$5,000, in the event the race is cancelled.

• Question 174:

  The scope of a large mobile network deployment project includes equipment to be furnished by the customer. The risk manager is concerned that the equipment delivery might be delayed, causing additional delays in the project. What should the risk manager do?

  A. Follow up on the schedule and assess the best course of action if any delays are detected.
  B. Ensure the equipment constraint is well-documented and manage it as a high-impact project risk.
  C. Raise the issue with the project sponsor so it can be handled as a sales or contractual matter.
  D. Obtain a signed commitment from the customer that equipment will be delivered on time.
  B. Ensure the equipment constraint is well-documented and manage it as a high-impact project risk.

• Question 175:

  A pharmaceutical company undertakes a new, year-long research and development (RandD) project. The company pursues high margins on investments and an aggressive growth strategy. They maintain a central program management office (PMO) to assist with new projects and record data on past project performance. The company leadership regularly makes decisions regarding the full suite of company projects and requires comparative data and reports. Project leadership is well-versed in risk management and the PMO requires full documentation of project management artifacts.

  Based on the characteristics of this new project, which of the following best describes the risk strategy for the project?

  A. Low stakeholder risk appetite, leverage historical project planning data, develop standard metrics and reports, and develop a formal risk management plan.
  B. High stakeholder risk appetite; leverage historical project planning data, develop standard metrics and reports, develop a formal risk management plan.
  C. High stakeholder risk appetite; leverage historical project planning data, utilize informal metrics and reports, develop risk management training.
  D. Low stakeholder risk appetite; collect new project data, create custom metrics and reports, and develop a formal risk management plan.
  B. High stakeholder risk appetite; leverage historical project planning data, develop standard metrics and reports, develop a formal risk management plan.

• Question 176:

  A project manager is trying to realize benefits from new material on an adaptive project. This is the first time the project team is using the material so the team does not have information to identify and analyze risks. A team member informs the project manager that a local university has recently published a research journal on the same material.

  Where should the project manager find this information?

  A. Industrial studies
  B. Commercial risk databases
  C. Organizational process assets (OPAs)
  D. Enterprise environmental factors (EEFs)
  D. Enterprise environmental factors (EEFs)

• Question 177:

  In order to monitor risks in an infrastructure improvement project, the risk manager uses methods to support effective responses to risks that have occurred. Which of the following is an example of such a method?

  A. Risk analysis and performance reports preparation
  B. Ongoing risk response analysis and risk audits as required
  C. Risk analysis and risk register review
  D. Risk audits and change request review
  B. Ongoing risk response analysis and risk audits as required

• Question 178:

  What items should be included in a complex project's risk management plan?

  A. Risk management methodology, scope statement, and thresholds and corresponding definitions.
  B. Risk management methodology, risk management organization, and thresholds and corresponding definitions
  C. Risk management organization, templates, and milestone plan
  D. Risk management organization, risk communication plan, and milestone plan
  B. Risk management methodology, risk management organization, and thresholds and corresponding definitions

• Question 179:

  The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager has asked the project team to document the results of this process. How should this documentation be utilized in the future?

  A. To return the remaining amount of the contingency reserve
  B. To ensure information is recorded for lessons learned
  C. To comply with the rules and regulations
  D. To hold those who created the risk accountable
  B. To ensure information is recorded for lessons learned

• Question 180:

  A project manager identifies a risk in a multifunctional project and decides to take no action. What should the risk manager do if the risk occurs?

  A. Implement a workaround.
  B. Create a change request.
  C. Implement a contingency or fallback plan.
  D. Review the project management plan.
  C. Implement a contingency or fallback plan.