PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 331:

  The risk manager for a project successfully establishes the risk management plan, the risk register and performs the qualitative risk analysis with the team. As the first step of the analysis, the risk manager develops the probability and impact scales. The scales are presented to the project manager, who refuses to accept the proposed scales.

  What did the risk manager overlook prior to developing probability and impact scales?

  A. Gaining approvals for the developed risk register from the project manager
  B. Informing the project manager about the risk management process
  C. Evaluating and understanding the risk appetite of the stakeholders
  D. Interviewing the stakeholders and related parties
  D. Interviewing the stakeholders and related parties

• Question 332:

  A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.

  What process is this part of?

  A. Plan Risk Management
  B. Perform Qualitative Risk Analysis
  C. Perform Quantitative Risk Analysis
  D. Monitor and Control Risk
  B. Perform Qualitative Risk Analysis

• Question 333:

  Harry works as a project manager for BlueWell Inc. He is determining how to conduct the risk management activities for a project. According to the PMBOK, there are six inputs to the plan risk management process. Which one of the following is NOT an input to this process?

  A. Project scope statement
  B. Risk management plan
  C. Schedule management plan
  D. Cost management plan
  B. Risk management plan

• Question 334:

  Upon returning from vacation, the risk manager observes during the project status meeting that several activities being accomplished were not in the original plan. What should the risk manager do first?

  A. Meet with the project team.
  B. Inform management of out-of-scope work.
  C. Review activities for new risks.
  D. Review the change control log.
  D. Review the change control log.

• Question 335:

  The risk manager is facilitating risk planning activities with the team. The team is documenting all the check points along the way that might indicate delays on critical deliverables. What is this an example of?

  A. Risk responses
  B. Risk triggers
  C. Risk registers
  D. Risk categories
  B. Risk triggers

• Question 336:

  Harold is the project manager of a large project in his organization. He has been actively communicating and working with the project stakeholders. One of the outputs of the manage stakeholder expectations process can actually create new risk events for Harold's project. Which output of the manage stakeholder expectations process can create risks?

  A. Project document updates
  B. Change requests
  C. Organizational process assets updates
  D. Project management plan updates
  B. Change requests

• Question 337:

  You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?

  A. The risk exposure of the event is $245,000.
  B. The risk exposure of the event is $500,000.
  C. The risk exposure of the event is $350,000.
  D. The risk exposure of the event is $850,000.
  A. The risk exposure of the event is $245,000.

• Question 338:

  A risk manager wants to determine what risk has the biggest impact on project cost. The risk manager identified three risks, which could occur in different phases of the project. What should the risk manager do first to understand the impact on project cost?

  A. Conduct a subject matter expert (SME) meeting.
  B. Perform qualitative analysis.
  C. Prioritize after quantitative analysis
  D. Prioritize the stakeholders affected.
  B. Perform qualitative analysis.

• Question 339:

  After completing the risk register, many team members feel there is a lack of time prioritization for one of the identified risks What are the team members referring to?

  A. Risk trigger
  B. Risk escalation
  C. Risk urgency
  D. Risk time impact
  C. Risk urgency

• Question 340:

  During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk. What should the risk manager do to handle this situation?

  A. Revisit this risk in the risk register and redefine the mitigation strategy.
  B. Activate the contingency plan to handle this risk during execution.
  C. Mark this new risk as an extremely high priority and inform all stakeholders.
  D. Ask the project sponsor for more budget to deal with this risk.
  C. Mark this new risk as an extremely high priority and inform all stakeholders.