PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 191:

  A project is evaluating a new software to streamline the current purchase order process. The current process is labor-intensive and involves printing, ink signatures, scanning, and emailing. Several team members gathered cycle time data to gauge the current process and evaluate the new process.

  What should the risk manager do next with the data set?

  A. Perform a probability and impact assessment
  B. Perform Monte Carlo simulations
  C. Perform a sensitivity analysis
  D. Perform a risk data quality assessment
  D. Perform a risk data quality assessment

• Question 192:

  A project manager realizes the team undertaking the project work has fallen behind the planned schedule. The risk manager identifies a new risk resulting from this delay and will need to understand how this will affect the project deadline. Which kind of numerical analysis should be performed to understand the worst-case scenarios?

  A. Earned value analysis
  B. Qualitative risk analysis
  C. Sensitivity analysis
  D. Root cause analysis
  C. Sensitivity analysis

• Question 193:

  You are the project manager of the GHG project for your company. You have identified the project risks, completed qualitative and quantitative analysis, and created risk responses. You also need to document how and when risk audits will be performed in the project. Where will you define the frequency of risk audits?

  A. Risk response plan
  B. Quality management plan
  C. Risk management plan
  D. Schedule management plan
  C. Risk management plan

• Question 194:

  You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?

  A. Risk register
  B. Risk log
  C. Risk management plan
  D. Project management plan
  A. Risk register

• Question 195:

  A project manager has a two-month project with three project team members. The project sponsor does not agree with the project manager that a risk planning process is necessary, since the project is very small. Would it be appropriate for the project manager to implement some level of risk management?

  A. Yes, even small projects may require risk planning.
  B. No, small projects do not usually require risk planning.
  C. No, risk planning should be initiated with the sponsor's consent.
  D. Yes, the risk planning process implementation is ultimately the project manager's decision.
  A. Yes, even small projects may require risk planning.

• Question 196:

  The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?

  A. Use of insurance
  B. Warranties
  C. Life cycle costing
  D. Performance bonds
  C. Life cycle costing

• Question 197:

  The project manager performed' a variance analysis on the project during the execution phase. The variances were shown as increasing What does this result imply?

  A. The uncertainty and risk are increasing.
  B. The project schedule is lagging behind.
  C. There is no potential for future deviation.
  D. The project is over budget.
  A. The uncertainty and risk are increasing.

• Question 198:

  Multiple new risks have come up on a project that were not included on the risk register. The project manager met with the team to explain that risk management is critical for the success of the project, and risk identification is key. What should the project manager do next?

  A. Review assumptions and constraints around risks.
  B. Develop the risk response plans for identified risks.
  C. Determine the likelihood and impact of the risks.
  D. Apply an iterative approach to risk identification.
  D. Apply an iterative approach to risk identification.

• Question 199:

  A new risk manager has been assigned to a delayed strategic project. The risk manager presented a new plan to get the project back on track using lessons learned and applying risk response strategies. Senior management wants to remove contingency reserves because they want to finish the project earlier.

  What should the risk manager do in this scenario?

  A. Review project schedule estimates.
  B. Change the response strategies.
  C. Reduce the contingency reserves.
  D. Conduct a risk planning workshop.
  D. Conduct a risk planning workshop.

• Question 200:

  You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?

  A. Qualitative risk analysis does not happen through the project manager in a functional structure.
  B. You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.
  C. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
  D. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
  B. You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.