PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 481:

  A risk manager notices that a risk owner is facing challenges implementing their response strategy and the costs are significantly exceeding expectations. What is the first thing the risk manager should do?

  A. Highlight this situation to the project manager
  B. Conduct a cost-benefit analysis
  C. Change the risk response strategy
  D. Analyze the situation and meet with the risk owner
  D. Analyze the situation and meet with the risk owner

• Question 482:

  There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?

  A. Risk register
  B. Risk management plan
  C. Cost management plan
  D. Enterprise environmental factors
  D. Enterprise environmental factors

• Question 483:

  You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:

  

  If Risk D happens in this project, how much will be left in the contingency reserve?

  A. $440,000
  B. $233,500
  C. $258,500
  D. $243,500
  B. $233,500

• Question 484:

  A project team has failed to complete an important project milestone on time. The team was counting on an external provider to deliver key equipment on a specific date but the provider was delayed. What should the risk manager have done to prevent missing the milestone?

  A. Better schedule monitoring and controlling.
  B. Identify and analyze project plan assumptions.
  C. Have a detailed work breakdown structure (WBS).
  D. Use management reserves to cover delays.
  B. Identify and analyze project plan assumptions.

• Question 485:

  A project team is concerned about a risk which, if occurs, might add additional complexity to their work. The team will need help from an external vendor, but the contracting process is long. What should the risk manager do in this case?

  A. Document the risk in the risk register for analysis.
  B. Document the detailed risk consequences,
  C. Immediately start the contracting process.
  D. Proceed with the quantitative risk analysis.
  A. Document the risk in the risk register for analysis.

• Question 486:

  Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project. When will the quantitative risk analysis process need to be repeated?

  A. Quantitative risk analysis process will be completed again after the cost management planning and as a part of monitoring and controlling.
  B. Quantitative risk analysis process will be completed again after new risks are identified and as part of monitoring and controlling.
  C. Quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.
  D. Quantitative risk analysis process will be completed again after the plan risk response planning and as part of procurement.
  C. Quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.

• Question 487:

  A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence. What should the project team do next?

  A. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
  B. Log the threats in the risk register to try to minimize the probability of occurrence.
  C. Log the threats in the risk register to try to maximize the probability of occurrence.
  D. Update the project management plan to ensure the results of the opportunities are captured.
  D. Update the project management plan to ensure the results of the opportunities are captured.

• Question 488:

  A project has suffered a big schedule delay and there are still some risks that are close to materializing. The project manager is concerned about communicating this risk level, because the stakeholders might suspend project funding and cancel the project.

  How should the risk manager manage the risk level?

  A. Communicate risk levels only to the supportive stakeholders.
  B. Advise the sponsor to meet with the stakeholders to discuss the risk levels.
  C. Collaborate with the project manager to communicate risk levels to stakeholders.
  D. Coach the project manager on communicating risk levels to stakeholders.
  C. Collaborate with the project manager to communicate risk levels to stakeholders.

• Question 489:

  A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.

  What type of risk is being referred to here?

  A. Major risk
  B. Residual risk
  C. Secondary risk
  D. Environment risk
  B. Residual risk

• Question 490:

  The project manager for project X was expecting the mobilization of critical equipment from another project, project Y. However, a day before the mobilization was scheduled, another project manager notifies project X's project manager that the equipment would not be available for at least another month due to delayed activities for project Y. This has jeopardized meeting a critical milestone for project X.

  How should project X's project manager avoid this situation in the future?

  A. Prepare a contingency response plan to implement when delays occur
  B. Ask the other project manager to officially confirm the new date in writing
  C. Request that the other project manager be added to relevant reports
  D. Request that the other project manager inform if any additional delays are expected
  A. Prepare a contingency response plan to implement when delays occur