PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 381:

  An organization is embarking on a multi-million-dollar project with numerous identified risks. What should the project risk team do to navigate the risks on this project?

  A. Go for a low-risk threshold of ?% around a cost objective.
  B. Confirm stakeholders risk thresholds based on risk appetites.
  C. Conduct risk identification to populate the risk register.
  D. Go for a high-risk threshold of ?0% around a cost objective.
  C. Conduct risk identification to populate the risk register.

• Question 382:

  You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. You will need all of the following as inputs to the qualitative risk analysis process except for which one?

  A. Stakeholder register
  B. Project scope statement
  C. Risk management plan
  D. Risk register
  A. Stakeholder register

• Question 383:

  An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats.

  What should the risk manager do next?

  A. Add only the threats to the risk register
  B. Utilize different tools to identify the risks
  C. Plan risk responses to the threats
  D. Update the risk register with the identified risks
  D. Update the risk register with the identified risks

• Question 384:

  The risk manager wants to determine what is to be measured, how it is to be measured, and what project outcomes are to be measured. In which of the following processes should this be established?

  A. Initiating Process
  B. Executing Process
  C. Planning Process
  D. Monitoring and Controlling Process
  C. Planning Process

• Question 385:

  A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effectiveness. What two actions should the risk manager do next? (Choose two.)

  A. Check to ensure that the risk is supported by a Monte Carlo simulation.
  B. Check to ensure that the risks are gathered using Delphi technique.
  C. Check for risk classification and that probability and impact are identified.
  D. Check to ensure that risk origin, triggering event, and ownership is identified.
  E. Check to ensure the risk meeting agenda and supporting documents are distributed.
  C. Check for risk classification and that probability and impact are identified.
  D. Check to ensure that risk origin, triggering event, and ownership is identified.

• Question 386:

  You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of $85,000. Management and you discuss possible solutions to address the risk. You share with them that for $75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule. Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan. What type of risk response is used?

  A. Avoidance
  B. Acceptance
  C. Exploit
  D. Mitigation
  D. Mitigation

• Question 387:

  An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan. How should the risk manager address this concern?

  A. Risks are documented to the practicable extent possible.
  B. Probability of the risk was very low. so the risk was not documented.
  C. Impact of the risk was assessed to be insignificant, so the risk was not documented.
  D. A similar risk never occurred in the past, so it was not considered.
  A. Risks are documented to the practicable extent possible.

• Question 388:

  You are the project manager for BlueWell Inc. You are reviewing the risk register for your project. The risk register provides much information to you, the project manager and to the project team during the risk response planning. All of the following are included in the risk register except for which item?

  A. Network diagram analysis of critical path activities
  B. Symptoms and warning signs of risks
  C. List of potential risk responses
  D. Trends in qualitative risk analysis results
  A. Network diagram analysis of critical path activities

• Question 389:

  An organization is executing two projects -- Project A and Project B -- simultaneously. A previously identified risk will impact the schedule for Project A. While executing the mitigation plan, a number of residual risks are identified that could provide cost savings for Project

  B.

  Which action should the risk manager for Project A take?

  A. Review the findings in Project A's closure documents and propose a new organizational process for portfolio risk management.
  B. Consult with Project B's risk manager and determine where synergies might exist between the risk management plans for both projects.
  C. Combine the risk registers for Project A and Project B and determine if there are any additional cross-project opportunities to exploit.
  D. Continue executing the planned risk mitigation to avoid any additional schedule impact to Project A.
  B. Consult with Project B's risk manager and determine where synergies might exist between the risk management plans for both projects.

• Question 390:

  Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?

  A. Transference
  B. Avoidance
  C. Contractual
  D. Mitigation
  A. Transference