PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 341:

  You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk management meeting?

  A. Assessing the overall status of risks in the project
  B. Review of risk responses
  C. Assessment or risk
  D. The availability of the individual
  D. The availability of the individual

• Question 342:

  A new project is about to start, and the risk manager wants to review some documents that could be relevant for risk identification. Which document will help the risk manager in this process?

  A. Detailed work breakdown structure (WBS)
  B. Lessons learned from previous projects
  C. Baselines approved by the project team
  D. Actual data from the current project
  B. Lessons learned from previous projects

• Question 343:

  A risk on the risk register is triggered. This triggered risk costs US$200,000 to mitigate and will overwhelm the project, causing it to fail if not mitigated. The project manager identifies that there is US$200,000 left in the management reserve. From which of the following sources should the funds be drawn to cover the risk mitigation?

  A. Organization management reserve
  B. Unplanned risk reserve
  C. Contingency reserve
  D. Management reserve
  D. Management reserve

• Question 344:

  When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)

  A. Request a contingency reserve from management
  B. Arrange a team meeting, review the project's scope, and discuss dependency mapping
  C. Ensure participants review relevant documents before attending the meeting
  D. Ensure that all the relevant stakeholders participate
  E. Update the risk register during the team meeting.
  B. Arrange a team meeting, review the project's scope, and discuss dependency mapping
  D. Ensure that all the relevant stakeholders participate

• Question 345:

  A company manages confidential customer information, and a data breach exposing sensitive information was discovered. What should the risk manager do?

  A. Execute the security risks contingency plan.
  B. Get a report of customers affected by the risk.
  C. Identify residual and secondary risks.
  D. Coordinate a response with the risk owner.
  D. Coordinate a response with the risk owner.

• Question 346:

  You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

  A. Impact
  B. Risk owner
  C. Cost
  D. Risk category
  A. Impact

• Question 347:

  During the initial risk planning process, the risk manager and project manager discuss ways to handle known risks. Which project reserve should the project manager use to budget for known risks?

  A. Budget reserve
  B. Contingency reserve
  C. Change management reserve
  D. Risk reserve
  B. Contingency reserve

• Question 348:

  A project team is conducting initial risk planning. What other risk-related task should the project manager perform?

  A. Identifying the risk threshold
  B. Determining the risk register headings
  C. Scoring the risks utilizing the risk matrix
  D. Prioritizing the risks in the risk register
  A. Identifying the risk threshold

• Question 349:

  Risks with low ratings of probability and impact are included on a ____ for future monitoring.

  A. Risk alarm
  B. Watchlist
  C. Observation list
  D. Risk register
  B. Watchlist

• Question 350:

  The project manager needs to create a risk management plan for a high risk project, but the company's senior management does not see value in spending time documenting major risks instead of leading the project. What is the most appropriate action for the project manager to take first?

  A. Develop a risk register and present it to the senior management
  B. Hire a risk consultant to identity the major risks.
  C. Develop a risk management plan and present it to the sponsor.
  D. Document all identified risks.
  C. Develop a risk management plan and present it to the sponsor.