PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 211:

  Which of the following processes involves choosing the alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project management plan?

  A. Monitor and Control risk
  B. Configuration Management
  C. Integrated Change control
  D. Scope Change control
  A. Monitor and Control risk

• Question 212:

  The feasibility of the risk management planning is dependent upon which of the following aspects of the organization?

  A. Competitive market share
  B. Level of risk management maturity
  C. Alignment with industry standard requirements
  D. Culture, people and infrastructure capabilities
  D. Culture, people and infrastructure capabilities

• Question 213:

  A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?

  A. Updated probability and impact matrix
  B. Updated risk register
  C. Updated mitigation plans
  D. Updated project schedule
  B. Updated risk register

• Question 214:

  Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project. Holly has faxed the status report to her project client for their review. Based on the standard communication model, which component in this scenario is the decoder?

  A. Project customer
  B. Telephone wire
  C. Holly
  D. Project customer's fax machine
  D. Project customer's fax machine

• Question 215:

  You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?

  A. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
  B. The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
  C. The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
  D. The iterative meetings allow the project manager to communicate pending risks events during project execution.
  A. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.

• Question 216:

  You are the project manager of the NKQ project for your organization. You have completed the quantitative risk analysis process for this portion of the project. What is the only output of the quantitative risk analysis process?

  A. Probability of reaching project objectives
  B. Risk register updates
  C. Risk response
  D. Risk contingency reserve
  B. Risk register updates

• Question 217:

  A risk management professional is currently facilitating the risk planning process with the project team. To increase the breadth of considered risks, the team wants to include high- level and strategic project risks. What should the risk management professional do next?

  A. Perform a sensitivity analysis to the higher-level aggregate activities
  B. Develop a risk breakdown structure (RBS) identifying the potential risk categories
  C. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis
  D. Perform a base line Monte Carlo simulation to address overall threats to project objectives
  C. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis

• Question 218:

  A project manager for a large product development project assigned a risk manager to perform the risk management. The project sponsor questions why this project requires a risk manager as it is similar to a previous project with a developed risk strategy.

  How should the risk manager explain the need for a risk strategy specific to this project?

  A. A risk strategy is a best practice and ensures quality in the project planning.
  B. A project specific risk strategy includes enough information to respond to audits and compliance requirements.
  C. A risk strategy ensures alignment of the organizational structure to the specific project.
  D. A risk strategy aligns individual project risk thresholds with organizational risk appetite.
  D. A risk strategy aligns individual project risk thresholds with organizational risk appetite.

• Question 219:

  You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?

  A. All risks must have a valid, documented risk response.
  B. These risks can be accepted.
  C. These risks can be added to a low priority risk watch list.
  D. These risks can be dismissed.
  C. These risks can be added to a low priority risk watch list.

• Question 220:

  You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans?

  A. Executing
  B. Planning
  C. Monitoring and Controlling
  D. In any process group where the risk event resides
  C. Monitoring and Controlling