PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 31:

  Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?

  A. No, change requests should not address risks, only risk response strategies should be issued.
  B. No, change requests should not address pending risks, but only scope changes.
  C. Yes, change requests can be recommended for corrective actions for contingency plans.
  D. Yes, change requests can ask for additional funds to pay for the risk impact.
  C. Yes, change requests can be recommended for corrective actions for contingency plans.

• Question 32:

  Who is ultimately responsible for monitoring a risk that is about to exceed its risk threshold?

  A. Any project stakeholder
  B. Project management office
  C. Senior manager
  D. Risk action owner
  D. Risk action owner

• Question 33:

  A project manager is working on a construction project. Based on past experience, the project manager identifies a risk that a supplier of a critical material may not deliver on time. The project manager has already accounted for this risk in the risk management plan. If this risk materializes, the project manager plans to procure the material from a different supplier. A potential risk in this plan is that there may be differences in the material provided by the first and second supplier.

  What type of risk is this?

  A. Residual risk
  B. Primary risk
  C. Secondary risk
  D. Normal risk
  C. Secondary risk

• Question 34:

  The stakeholder is unwilling to make decisions that would result in negative consequences to the project. Which of the following describes the stakeholders attitude regarding project risks?

  A. Risk averse
  B. Risk neutral
  C. Risk accepting
  D. Not enough information available to describe the stakeholder's risk attitude.
  A. Risk averse

• Question 35:

  A newly assigned project manager is reviewing the project documents with stakeholders to identify opportunities that will fast track the project and realize the financial benefits of early completion. What document should be updated at the end of the review?

  A. Risk register
  B. Risk response plan
  C. Risk management plan
  D. Risk identification plan
  C. Risk management plan

• Question 36:

  A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize. What should the project manager do next?

  A. Close the risks and update their status in the risk register.
  B. Use their contingency with other risks that are still open.
  C. Remove the risk from the list as they are no longer applicable.
  D. Reevaluate those risks' severity, and update the risk register.
  A. Close the risks and update their status in the risk register.

• Question 37:

  During a project review meeting, an executive scrutinizes the risk section, including risks on the watch list, and demands action to close them out. What is the executive's risk attitude?

  A. Averse
  B. Seeking
  C. Neutral
  D. Tolerant
  A. Averse

• Question 38:

  A risk manager reviews a Monte Carlo schedule risk analysis model before sharing the results with the project manager. The risk manager notices that activity correlations were not included in the model. What is an effect of adding the correlation to the model?

  A. Allows more risks to be included in the model.
  B. Reduces the project completion duration.
  C. Increases the standard deviation of the model.
  D. Increases the probability of correlated activities finishing on time.
  C. Increases the standard deviation of the model.

• Question 39:

  A risk manager is confident that they have identified and quantified the risks and opportunities for a project. When presenting their work to management, on what areas should the risk manager focus? (Choose two.)

  A. Risks that are tied to the success of the organization
  B. Risks as they apply to the organization's overall risk management philosophy and strategic ambition
  C. Huge opportunities that possibly bring an additional 30% return for 10 projects in the next year
  D. Risks related to cost that will impact the major projects that are currently in the execution phase
  E. Risk mitigation actions that will require work from stakeholders
  A. Risks that are tied to the success of the organization
  B. Risks as they apply to the organization's overall risk management philosophy and strategic ambition

• Question 40:

  For the last several months, a project manager for a global technology program is focused on improving the project outsourcing process and analyzing the vendor supply chain as key pieces of the cost containment strategy. Early in the project, these two areas were identified as key risks to the final delivery of the project. Since that initial risk identification, the risk manager works to identify additional risks, as well as analyze the potential impact to the project cost baseline. After performing a cost-risk sensitivity analysis, the risk manager produces this chart.

  

  Based on this analysis, which two risk areas should the project manager focus on to control project cost?

  A. Vendor supply chain disruption and final system test
  B. Vendor supply chain disruption and software design changes
  C. Outsourcing negotiations and vendor supply chain disruption
  D. Labor rate increases and management reviews
  A. Vendor supply chain disruption and final system test