PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 371:

  Which of the following represents levels of risk attitude?

  A. Conservative, moderate, and liberal
  B. Risk-averse, risk-neutral, risk-tolerant, risk-seeking
  C. Risk-mitigating, risk-avoiding, risk-transferring, risk-accepting
  D. High, medium, and low
  B. Risk-averse, risk-neutral, risk-tolerant, risk-seeking

• Question 372:

  A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.

  What should the risk manager do next to find out the correct limit?

  A. Review the agreed-upon risk tolerance
  B. Perform a sensitivity analysis of the risk
  C. Find out the stakeholders' risk appetite
  D. Use industry standard risk thresholds
  A. Review the agreed-upon risk tolerance

• Question 373:

  The risk manager is conducting stakeholder analysis. Which technique should be used to help identify and manage expectations?

  A. SWOT analysis
  B. Influence diagram
  C. Power/Interest Grid
  D. Interactive method
  A. SWOT analysis

• Question 374:

  The stakeholders of a building construction project are not comfortable with the project manager's handling of the project as they believe there is a financial risk. The project manager asks the risk manager to assist in demonstrating to the stakeholders that the project risks are under a tolerable threshold.

  What should the risk manager do first to demonstrate this to the stakeholders?

  A. Gather other project risk historical information.
  B. Gather and reconcile project risk report data.
  C. Work with the sponsor to convince the risks are under control.
  D. Work with the team to ensure the project is in good health.
  B. Gather and reconcile project risk report data.

• Question 375:

  A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning. What should the risk manager complete first?

  A. The risk categorization
  B. The risk simulation
  C. The full risk description
  D. The risk response plan
  C. The full risk description

• Question 376:

  Where can a project manager find risk-rating rules?

  A. Risk management plan
  B. Organizational process assets
  C. Enterprise environmental factors
  D. Risk probability and impact matrix
  B. Organizational process assets

• Question 377:

  A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation. Where should the stakeholder look to determine the amount that can be approved?

  A. Project charter
  B. Risk management plan
  C. Risk register
  D. Organizational process assets
  B. Risk management plan

• Question 378:

  Which of the following will ultimately determine risk thresholds?

  A. The absolute value of the consequence
  B. The risk appetite of the key stakeholders
  C. The practice standard for risk management
  D. The project manager
  B. The risk appetite of the key stakeholders

• Question 379:

  A risk manager is tasked with establishing a risk management strategy for a multinational project with varying regulations and stakeholder priorities. The team is divided on how to approach risk management. Some suggest implementing rigid procedures to ensure consistency across regions, while others advocate for a flexible approach to adapt to the dynamic nature of local risks. Meanwhile, the sponsor emphasizes the need for a strategy that aligns with the overall project objectives.

  What should the risk manager do?

  A. Implement a strict, standardized approach to ensure consistency across all regions.
  B. Develop a strategy combining structure with flexibility to address global and local uncertainties.
  C. Use organizational guidelines to create a strategy that prioritizes efficiency over adaptability.
  D. Adopt a fully flexible approach that allows teams to manage issues based on local context.
  B. Develop a strategy combining structure with flexibility to address global and local uncertainties.

• Question 380:

  You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

  A. Because of work that was omitted during the WBS creation
  B. Because of new work generated by the risk responses
  C. Because of risk responses that are now activities
  D. Because of risks associated with work packages
  B. Because of new work generated by the risk responses