PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 401:

  You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

  A. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
  B. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
  C. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
  D. All risks are recorded in the risk management plan.
  A. Risks with low probability and low impact are recorded in a watchlist for future monitoring.

• Question 402:

  The project manager generates a monthly risk report for key stakeholders which documents high and medium risk items only. Where would the project manager find the list of recipients for the report?

  A. Communications management plan
  B. Risk management plan
  C. Risk register
  D. Project charter
  A. Communications management plan

• Question 403:

  Product testing can be done in multiple ways. A few project team members suggest testing be done in a laboratory environment, whereas others recommend completing the analysis via simu-lation methods. The testing manager has consulted with a peer, who recommends undertaking testing using field trials. The testing manager consults with the risk manager to assess the risk involved in the testing.

  Which tool should the risk manager consider for assessing the test risk?

  A. Scenario analysis
  B. Sensitivity analysis
  C. Probability and impact matrix
  D. Monte Carlo simul-ation
  C. Probability and impact matrix

• Question 404:

  Yolanda is the project manager of a high-profile project for her organization. This project has 124 stakeholders from across the organization and many of the stakeholders have high demands and expectations for the project. Yolanda will need several pieces of project information as she begins to communicate and manage the stakeholder expectations. Which of the following inputs of the manage stakeholder expectations process directly addresses the risks that could affect the project and which must be communicated to the project stakeholders?

  A. Change log
  B. Low-level risks watchlist
  C. Issue log
  D. Stakeholder register
  A. Change log

• Question 405:

  A CEO wants to reduce costs in the time spent for risk management activities. What step did the risk manager fall to perform?

  A. Assigning the CEO as a risk owner
  B. Preventing all issues from occurring
  C. Properly communicating the risk management actives and their outcomes
  D. Explaining the purpose of the management reserve
  C. Properly communicating the risk management actives and their outcomes

• Question 406:

  The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has an overall project risk that exceeds the risk levels documented in the risk management plan. What would be the best course of action for the company to take with the project based on its current scope?

  A. Monitor ongoing risks closely for any major changes.
  B. Perform a Monte Carlo simulation to understand possible risk outcomes.
  C. Cancel the project, as the overall level of risk remains unacceptable.
  D. Conduct a stakeholder meeting to validate stakeholder risk appetite.
  B. Perform a Monte Carlo simulation to understand possible risk outcomes.

• Question 407:

  A project manager wants to represent the distribution of uncertainty around a risk model element. However, good data on the variability, of the risk model element has not been collected, and only contains minimum and maximum values. What curve should the project manager use to represent the distribution?

  A. Uniform
  B. Beta
  C. Normal
  D. Lognormal
  B. Beta

• Question 408:

  You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?

  A. Qualitative risk analysis
  B. Quantitative risk analysis
  C. Risk identification
  D. Risk response implementation
  B. Quantitative risk analysis

• Question 409:

  Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?

  A. Active acceptance
  B. Passive acceptance
  C. Avoidance
  D. Mitigation
  B. Passive acceptance

• Question 410:

  During the execution of a multi-million dollar project, the project manager learns of the theft of important installation materials at one of the most time-critical sites. The project manager contacts the risk manager to discuss further steps, based on the risk register and the defined risk strategy for the risk of theft. However, the risk manager clarifies that the risk of theft was not identified in the risk management process.

  What should the project manager do next?

  A. Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.
  B. Update the project schedule and inform the stakeholders about the project schedule delay.
  C. Instruct the risk manager to transfer the risk of theft to an insurance company and capture the experience in the lessons learned.
  D. Make the risk manager responsible for the damage caused by the missing risk strategy for theft and update the project schedule.
  A. Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.