PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 411:

  The risk manager evaluates two contractors, contractor A and contractor B, for a project with a finish date of 15 December. The contractors' bids are the same, including the cost. After performing a Monte Carlo assessment on the contractors' schedules, the risk manager returns the following information:

  

  In order for contractor A to meet the finish date of 15 December, it will cost an additional US$750,000, and will not change the confidence level.

  In order for contractor B to meet the finish date of 15 December, it will cost an additional US$600,000, and will increase the confidence level by 10%.

  Which contractor should the risk manager select?

  A. Contractor A, based on the probability and confidence levels, as there is a higher cumulative probability of completion by 15 December.
  B. Contractor B, based on the probability and confidence levels, as there is a higher cumulative probability of completion by 15 December.
  C. Contractor B, based on costing US$150,000 less than contractor A.
  D. Contractor A, based on the confidence level.
  B. Contractor B, based on the probability and confidence levels, as there is a higher cumulative probability of completion by 15 December.

• Question 412:

  A risk manager has been assigned to replace a risk manager on sick leave. The new risk manager notices that the risk register is missing data that are key to the risk management process. Which data will the risk manager require first?

  A. Risk description risk response, and quantitative data
  B. Project plan, risk complexity, and secondary risk
  C. Project plan, risk priority, and tool availability
  D. Risk description, risk probability, and risk impact
  A. Risk description risk response, and quantitative data

• Question 413:

  Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."

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

• Question 414:

  

  The project sponsor has asked the project manager how much more a P90 will cost. The sponsor has budgeted for a P40. The project values are in thousands. How much additional funding would the sponsor need to budget for a P90?

  A. US$9,408,000
  B. US$8,495,000
  C. US$913,000
  D. US$794,000
  C. US$913,000

• Question 415:

  Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?

  A. Risk response
  B. Risk event
  C. Risk trigger
  D. Risk identification
  C. Risk trigger

• Question 416:

  A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase.

  What should the risk manager of the related project have done to prevent this situation from happening?

  A. Reformed the risk monitoring and closing process properly.
  B. Created the project work plan and budget more accurately.
  C. Educated the project team on budget change requests.
  D. Communicated better with the organization's CEO.
  A. Reformed the risk monitoring and closing process properly.

• Question 417:

  There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

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

• Question 418:

  You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project? Each correct answer represents a complete solution. Choose all that apply.

  A. Organizational process assets
  B. Cost management plan
  C. Project scope statement
  D. Risk register
  A. Organizational process assets
  C. Project scope statement
  D. Risk register

• Question 419:

  Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. When the project manager begins the plan risk response process, what two inputs will she need?

  A. Risk register and the risk response plan
  B. Risk register and power to assign risk responses
  C. Risk register and the risk management plan
  D. Risk register and the results of risk analysis
  C. Risk register and the risk management plan

• Question 420:

  You are the project manager of the NHQ project for your company. You are working with your project team to complete a risk audit. A recent issue that your project team responded to, and management approved, was to increase the project schedule because there was risk surrounding the installation time of a new material. Your logic was that with the expanded schedule there would be time to complete the installation without affecting downstream project activities. What type of risk response is being audited in this scenario?

  A. Parkinson's Law
  B. Mitigation
  C. Avoidance
  D. Lag Time
  C. Avoidance