PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 201:

  You are the project manager of the GHQ project for your company. You are working with your project team to prepare for the qualitative risk analysis process. Mary, a project team member, does not understand why you need to complete qualitative risks analysis. You explain to Mary that qualitative risks analysis helps you determine which risks needs additional analysis. There are also some other benefits that qualitative risks analysis can do for the project. Which one of the following is NOT an accomplishment of the qualitative risk analysis process?

  A. Corresponding impact on project objectives
  B. Time frame for a risk response
  C. Prioritization of identified risk events based on probability and impact
  D. Cost of the risk impact if the risk event occurs
  D. Cost of the risk impact if the risk event occurs

• Question 202:

  Two companies merge. The executive leadership team for the newly formed company hires a project risk manager to integrate both companies' technology platforms into a single global platform. Since success of this integration project is

  critical for the new company, the project risk manager determines that risk management is vital.

  What factors does risk response planning include?

  A. People, planning, and analysis
  B. People, planning, and avoidance
  C. Planning, avoidance, and analysis
  D. People, avoidance, and analysis
  A. People, planning, and analysis

• Question 203:

  You are a risk auditor for your company. You are reviewing the contract types a project manager has used in her project. Of the following, which contract type has the most risk for the project manager as a buyer?

  A. Cost plus percentage of costs
  B. Time and material
  C. Cost plus incentive fee
  D. Fixed-price, incentive fee
  A. Cost plus percentage of costs

• Question 204:

  Pete works as a project manager for BlueWell Inc. The Management has told him that he must implement an agreed-upon contingency response if the cost performance index in his project is less than 0.90. Consider that Pete's project has a budget at completion of $275,000. His project is 65 percent complete and he has spent $175,000 to date. However, Pete is scheduled to be 78 percent complete. What is the cost performance index for this project to determine if the contingency response should happen?

  A. 1.02
  B. 0.96
  C. 0.90
  D. 0.89
  A. 1.02

• Question 205:

  During what process should a project manager assign a risk owner?

  A. Plan Risk Responses
  B. Plan Risk Management
  C. Monitor Risks
  D. Identify Risks
  B. Plan Risk Management

• Question 206:

  Examine the figure given below.

  

  What will be the expected monetary value of Risk C?

  A. -$113,750
  B. $175,000 if the risk event actually happens
  C. -$175,000
  D. -$27,000
  D. -$27,000

• Question 207:

  What is an example of legal and regulatory requirements and/or constraints when assessing a project environment for threats and opportunities?

  A. Organizational communication requirements
  B. Organizational standard policies, processes, and procedures
  C. Formal knowledge sharing and information sharing procedures
  D. Confidentiality of project information
  D. Confidentiality of project information

• Question 208:

  Rob is the project manager of the IDLK Project for his company. This project has a budget of $5,600,000 and is expected to last 18 months. Rob has learned that a new law may affect how the project is allowed to proceed - even though the organization has already invested over $750,000 in the project. What risk response is the most appropriate for this instance?

  A. Acceptance
  B. Transference
  C. Mitigation
  D. Enhance
  A. Acceptance

• Question 209:

  Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?

  A. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
  B. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.
  C. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.
  D. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.
  B. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.

• Question 210:

  A project team working on a large software deployment project for a few months has been able to prevent a technical risk from occurring. However, an incident took place and triggered the technical issue. What should the risk manager do?

  A. Execute the risk response plan defined for the risk.
  B. Postpone the software launch to sort out the technical issue.
  C. Assess the impacts and define the response actions with the subject matter experts (SMEs).
  D. Meet with the project manager to revisit the project schedule.
  A. Execute the risk response plan defined for the risk.