PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 491:

  As a project approached completion, a risk manager conducted a risk response audit and verified the effectiveness of risk responses. What should the risk manager do next?

  A. Close and communicate the results of the risk response actions.
  B. Run a workshop to analyze the effectiveness of the risk plan.
  C. Conduct a risk reserve analysis and document the results.
  D. Verify that all risk response actions have been documented.
  A. Close and communicate the results of the risk response actions.

• Question 492:

  While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.

  What should the project manager do next?

  A. Identify secondary or residual risks for associated risk plans.
  B. Develop risk response plans for all identified risks.
  C. Update the communications management plan to avoid future issues
  D. Monitor and control secondary and residual risks in the risk register.
  A. Identify secondary or residual risks for associated risk plans.

• Question 493:

  When does the Identify Risks process take place in a project?

  A. At the Planning stage.
  B. Throughout the project life-cycle.
  C. At the Initiating stage.
  D. At the Executing stage.
  B. Throughout the project life-cycle.

• Question 494:

  An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for risk

  B. the probability of risk B has been reduced is 0.3. What is the current project risk exposure?

  A. US$18,000
  B. US$72.000
  C. US$30,000
  D. US$48,000
  B. US$72.000

• Question 495:

  You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project manager will create for implementation if a selected risk strategy fails to be fully effective?

  A. Mitigation management plan
  B. Mitigation plan
  C. Fallback plan
  D. Risk response plan
  C. Fallback plan

• Question 496:

  A risk manager is preparing for the first meeting with their project sponsor on a potential project for a large client. The risk manager reviews their newly developed project risk register to identify any risks that should be analyzed further and begins by prioritizing the probability column based on the following criteria: 1 = Very Low 2 = Low 3 = Medium 4 = High 5 = Very High What type of risk analysis is the risk manager performing?

  A. Scenario-based risk analysis
  B. Quantitative risk analysis
  C. Qualitative risk analysis
  D. Monte Carlo analysis
  C. Qualitative risk analysis

• Question 497:

  You are the project manager of the NHQ Project for your company. You are discussing some of the project issues that need to be resolved in the project. You and the project stakeholders come to an agreement about the risk issues and how they will be resolved. Where should you document this information for issue resolution?

  A. Project management plan for execution
  B. Lessons learned documentation
  C. Issue log
  D. Risk response plan
  C. Issue log

• Question 498:

  Kelly is the project manager of the BHH project for her organization. She is completing the risk identification process for this portion of her project. Which one of the following is the only thing that the risk identification process will create for Kelly?

  A. Risk register
  B. Risk register updates
  C. Change requests
  D. Project document updates
  A. Risk register

• Question 499:

  You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?

  A. The CPI is -$68,960 and the SPI is $63,255.
  B. The CPI is .88 and the SPI is zero.
  C. The CPI is .88 and the SPI is 1.14.
  D. The CPI is 1.14 and the SPI is .88.
  C. The CPI is .88 and the SPI is 1.14.

• Question 500:

  Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?

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