PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 351:

  Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?

  A. Corrective action
  B. Risk audit
  C. Technical performance measurement
  D. Earned value management
  A. Corrective action

• Question 352:

  There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?

  A. Avoidance
  B. Acceptance
  C. Sharing
  D. Transference
  B. Acceptance

• Question 353:

  You are the project manager of QSL project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique are you using as a part of the risk identification process?

  A. Predecessor and successor diagramming
  B. System or process flowcharts
  C. Cause and effect diagrams
  D. Influence diagrams
  B. System or process flowcharts

• Question 354:

  it typically takes 5 hours to perform a complete home inspection. If there are unforeseen risk factors, it can take up to 7 hours to finish the inspection. The earliest the project team has ever finished an inspection is in 3 hours. Using the project evaluation and review technique (PERT) to estimate duration how many hours should the project manager plan to schedule the task taking into account all the positive and negative risk factors?

  A. 4 hours
  B. 5 hours
  C. 6 hours
  D. 12 hours
  B. 5 hours

• Question 355:

  A project is in the planning phase, and the risk manager establishes the risk management for the project. Which success factors should be taken into account by the risk manager to establish a successful risk management process for the project?

  A. Organizational commitment, scale risk effort to project, early identification of risks
  B. Organizational commitment, scale risk effort required to project, perform quantitative risk analysis
  C. Organizational commitment, scale risk effort required to project, integrate with other project management areas
  D. Organizational commitment, scale risk effort required to project, use Monte Carlo analysis for risk evaluation
  C. Organizational commitment, scale risk effort required to project, integrate with other project management areas

• Question 356:

  Which risk response is acceptable for both positive and negative risk events?

  A. Transferring
  B. Acceptance
  C. Sharing
  D. Enhancing
  B. Acceptance

• Question 357:

  The project manager wants risk metrics established for the new project. Which of the following metrics listed is best suited for this purpose?

  A. Effectiveness of the work breakdown structure
  B. Number of approved project change requests
  C. Number of detects identified
  D. Effectiveness of response plans
  D. Effectiveness of response plans

• Question 358:

  You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution in comparison to the vendor's solution?

  A. Approximately 8 months
  B. Approximately 15 months
  C. Approximately 13 months
  D. Approximately 11 months
  D. Approximately 11 months

• Question 359:

  Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of reviewing the contingency reserve?

  A. It helps to evaluate if the remaining reserve is adequate for the risk exposure.
  B. It helps to determine how much more funds will need to be invested in the project.
  C. It helps to evaluate secondary and residual risks related to the risk responses and their costs.
  D. It helps to determine the probability and impact of project risks.
  A. It helps to evaluate if the remaining reserve is adequate for the risk exposure.

• Question 360:

  A project manager is creating a risk management plan, but participants in a group meeting are hesitant to express their concerns. What will encourage participants to offer their opinions?

  A. Brainstorming
  B. Monte Carlo simulation
  C. Interviews
  D. Nominal group technique
  D. Nominal group technique