PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 281:

  John works as a project manager for ABD project. He and his team, are working on the following activities:

  1.Relative ranking or priority list of project risks

  2.Watchlists of low priority risk

  3.Trends in Qualitative Risk Analysis results

  On which of the following processes is John working on?

  A. Perform Qualitative Risk Analysis
  B. Plan Risk Management
  C. Plan Risk Responses
  D. Perform Quantitative Risk Analysis
  A. Perform Qualitative Risk Analysis

• Question 282:

  Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom's concern, however, is that the priority list of these risk events are sorted in "high-risk," "moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risks. What will be Neil's reply to Tom?

  A. Risks may be listed by the additional analysis and response
  B. Risk may be listed by the responses in the near-term
  C. Risks may be listed by priority separately for schedule, cost, and performance
  D. Risks may be listed by categories
  C. Risks may be listed by priority separately for schedule, cost, and performance

• Question 283:

  Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project. She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

  A. This is the risk mitigation response.
  B. This is the avoidance risk response.
  C. This is the transference risk response.
  D. This is a scope change and not a risk response.
  B. This is the avoidance risk response.

• Question 284:

  A risk manager is preparing the risk strategy for a strategic project, which involves stakeholders based in multiple locations. What should the risk manager do at this stage?

  A. Update the risk communications plan to include all stakeholders.
  B. Define the risk processes and tools to be adopted.
  C. Update the risk register to include this stakeholder-related risk.
  D. Refine the risk assumptions and criteria to be used.
  B. Define the risk processes and tools to be adopted.

• Question 285:

  A risk manager on an infrastructure project gathers and analyzes performance data. The risk manager wants to identify which variables will impact the schedule and determine how these factors interact. Which data analysis tool should the risk manager use to forecast future performance?

  A. Sensitivity analysis
  B. What-if scenario analysis
  C. Regression analysis
  D. Decision tree analysis
  C. Regression analysis

• Question 286:

  A project team is overseeing the construction of a new office building. The project is complex, involving multiple contractors, regulatory requirements, and a tight schedule. During a team meeting, the risk manager realizes that a formal risk identification exercise has not yet been conducted.

  Given the project's complexity, what should the risk manager do?

  A. Wait until halfway through the project to identify risks, as most issues will be clear by then.
  B. Conduct the exercise with the key team members, excluding external stakeholders.
  C. Facilitate a risk identification exercise with key stakeholders, considering all factors.
  D. Focus only on identifying the most obvious risks to save time and project resources.
  C. Facilitate a risk identification exercise with key stakeholders, considering all factors.

• Question 287:

  A risk is identified early in the project. After six months, itis determined that the risk does not apply to this particular project. How should the risk be handled by the risk manager?

  A. Ignore the risk and concentrate only on the pertinent risks.
  B. Remove the risk from the risk register and inform the project manager that it is no longer valid.
  C. Close the risk during the next risk board meeting and keep it in the risk register.
  D. Conduct a risk analysis to determine how an inappropriate risk was formally accepted.
  C. Close the risk during the next risk board meeting and keep it in the risk register.

• Question 288:

  During a project's planning phase, the project team identifies a potential supplier delay and marks it as a significant risk. A risk manager is tasked with effectively monitoring this risk. What should the risk manager document as the risk trigger?

  A. The probability and impact rating of the supplier's delay on the project
  B. The response strategy, such as increasing inventory or finding an alternative supplier
  C. The specific event or condition, such as the supplier missing a delivery deadline
  D. The threshold for acceptable delay, such as a maximum of three days before impacting project milestones
  C. The specific event or condition, such as the supplier missing a delivery deadline

• Question 289:

  Project stakeholders can often be risk averse with little to no knowledge of the risk process. How should a risk manager increase stakeholder risk appetite?

  A. Exclude risk averse stakeholders from future risk discussions
  B. Explain risk handling and mitigation strategies
  C. Increase the impact of all risks in the risk breakdown structure (RBS)
  D. Develop a generous probabilistic cash flow model
  B. Explain risk handling and mitigation strategies

• Question 290:

  David is the project manager of the NKL Project for his organization. He has been asked to create a proposal for a construction project for a client. David realizes that there are several requirements within the SOW and RFP provided by the client that would eliminate his company from bidding on the construction project. David proposed to management that his organization create a partnership with a competitor so that together they could bid on the construction project and qualify for the customer's requirements. What risk response is David proposing to management?

  A. Exploiting
  B. Teaming agreement
  C. Transference
  D. Sharing
  D. Sharing