PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 431:

  A project with impending risks has 12 deliverables as subprojects, which will be executed in three different locations involving multiple stakeholders. What should the risk manager do to organize the prevailing risks?

  A. Combine individual and focus groups to identify risks and create the overall risk register.
  B. Use focus groups to conduct group risk assessments of the project to identify risks.
  C. Request individual assessments of the project and its deliverables to identify risks.
  D. Use the external risk assessment of the project and its deliverables to identify risks.
  A. Combine individual and focus groups to identify risks and create the overall risk register.

• Question 432:

  Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines what quantitative risk analysis will review?

  A. The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.
  B. The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.
  C. The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.
  D. The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.
  C. The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.

• Question 433:

  During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?

  A. Classify the risk impacts based on their severity.
  B. List workaround solutions.
  C. Identify the risk owners.
  D. Determine the root causes.
  D. Determine the root causes.

• Question 434:

  During a project meeting, the project sponsor asks to close a project risk. The team does not recommend closing the risk because it is expected to be present in the next phase of the project work. How should the risk manager address this concern?

  A. Compare the actual data with the historical data.
  B. Compare the actual data with the subject matter expert (SME) criteria.
  C. Compare the actual data with the risk baseline.
  D. Compare the actual data with the project sponsor's expectation.
  C. Compare the actual data with the risk baseline.

• Question 435:

  The project manager reviews project risks with the risk manager to update, monitor, and close risks in the risk register. The project manager determines one of the risks has a residual risk. How should the risk manager document the impact of the residual risk?

  A. Utilize change management tools to request a budget increase from the project sponsor and update the risk register.
  B. Change the risk identification and description on the risk register to reflect the fact that the residual risk has materialized.
  C. Close the risk's status on the risk register since the residual risk has now materialized.
  D. Review the impact of the residual risk against the budget reserves and document the update in the risk register.
  D. Review the impact of the residual risk against the budget reserves and document the update in the risk register.

• Question 436:

  An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?

  A. Ensure sufficient resources are available
  B. Revise the risk management plan
  C. Update the risk register
  D. Meet with the project's stakeholders
  B. Revise the risk management plan

• Question 437:

  You are the project manager of the GGG project. You have completed the risk identification process for the initial phases of your project. As you begin to document the risk events in the risk register what additional information can you associate with the identified risk events?

  A. Risk potential responses
  B. Risk schedule
  C. Risk owner
  D. Risk cost
  A. Risk potential responses

• Question 438:

  A project manager is developing the risk management process and schedules a risk planning workshop at the start of the project. Upon receiving the invitation, a senior stakeholder emails the project manager stating that a risk management plan is not needed since this is small project, and lack of a plan will reduce costs.

  Which of the following should the project manager do?

  A. Advise the stakeholder that risk management is a valuable undertaking and must be applied to all projects to some degree.
  B. Cancel the workshop as the stakeholder is senior and risk management is an optional process, especially on smaller projects.
  C. Continue with the workshop, but remove the stakeholder from the list of attendees.
  D. Review the scope in an attempt to save money in other areas of the project to provide funding for the risk management activities
  A. Advise the stakeholder that risk management is a valuable undertaking and must be applied to all projects to some degree.

• Question 439:

  Which one of the following is the only output for the qualitative risk analysis process?

  A. Enterprise environmental factors
  B. Project management plan
  C. Risk register updates
  D. Organizational process assets
  C. Risk register updates

• Question 440:

  You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project $55,000 if the risk happens. What will be the expected monetary value of this risk event?

  A. Negative $27,500
  B. Zero - the risk event has not yet occurred
  C. Negative $26,000
  D. Negative $55,000
  A. Negative $27,500