PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 441:

  You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

  A. Risk audits
  B. Stakeholder analysis as the project team is a stakeholder
  C. Risk identification with the project team
  D. Risk analysis
  A. Risk audits

• Question 442:

  The sponsor of a construction project is upset about the results of the risk management team. The sponsor believes the team did not properly identify the risks that could affect the project. The team did manage the risks; however, some of the risk response strategies created secondary risks.

  What should the risk management team have done to manage this situation?

  A. Ensured to include the stakeholders in the team discussions
  B. Encouraged involvement of the project team during the review meetings
  C. Enhanced communication with the sponsor regarding secondary risk impact
  D. Ensured the sponsor got more involved with the project risk planning
  C. Enhanced communication with the sponsor regarding secondary risk impact

• Question 443:

  

  The project values are in thousands. The project manager has a budget of US$8,000,000 for this project and asks how much more would be needed to add to the contingency reserve for a P40?

  A. US$247,500
  B. US$495,000
  C. US$644,000
  D. US$764,000
  B. US$495,000

• Question 444:

  A project manager is leading a project review meeting with the risk manager and the other project stakeholders. Which of the following are typical risk-related agenda items for a project review meeting?

  A. Enterprise environmental factors and the risk register
  B. Risks closed in the last period and the risk appetite of the organization
  C. Organizational process assets and the risk register
  D. Risks closed in the last period and the trigger conditions that have occurred
  D. Risks closed in the last period and the trigger conditions that have occurred

• Question 445:

  Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?

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

• Question 446:

  During a risk identification process in a construction project, the lack of space to install air conditioners is raised as a risk with high impact. Which is an example of an early risk trigger?

  A. A potential need to share the space with other machinery
  B. A different type of equipment received before installation
  C. A time delay during air conditioning installation activities
  D. A quality nonconformance issue raised during the inspection
  A. A potential need to share the space with other machinery

• Question 447:

  A supplier Is delayed in delivering fuel for a project. The project manager anticipated this risk and is requesting fuel from another supplier. When speaking with the other supplier, a new risk appears because fulfilling the order will cause delays with several other projects.

  After performing a detailed analysis, what should the risk manager do?

  A. Escalate the problem to the project sponsors.
  B. Execute the approved risk response plan.
  C. Negotiate with the supplier to resolve the problem.
  D. Assign a team member to update the issue leg.
  B. Execute the approved risk response plan.

• Question 448:

  At the completion of a small project, the risk manager performs a risk audit and finds that several identified risks had occurred, and the impact was significantly larger than expected. While the project remained on schedule, the project budget increased by 50%. The project met all risk response milestones and no additional, previously unidentified risks, occurred on the project.

  Based on this information, what risk management process improvement should the risk manager recommend for future similar projects?

  A. Increase frequency of risk management meetings with the project manager.
  B. Revise the level of accuracy of probability and impact scores.
  C. Document the risk audit report and capture it in the lessons learned database.
  D. Expand the use of risk identification techniques.
  C. Document the risk audit report and capture it in the lessons learned database.

• Question 449:

  You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

  A. Crashing can be a type of the enhancing risk response.
  B. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
  C. Crashing can be a type of the exploit risk response.
  D. Crashing is the addition of labor, not a risk response.
  A. Crashing can be a type of the enhancing risk response.

• Question 450:

  As a part of monitoring and controlling the project, the project manager should update the risk register. The project manager should update the risk register with information on risk reassessment, risk audits, and periodic risk reviews. What other information should the project manager update the risk register with?

  A. Actual costs and schedule delays of risk events.
  B. Actual outcomes of risk management duties by the project team.
  C. Actual cost of risk events.
  D. Actual outcomes of the project's risks and of the risk responses.
  D. Actual outcomes of the project's risks and of the risk responses.