PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 531:

  During a meeting to develop the risk management plan, the risk manager recognizes that risks may be identified that could also impact other projects that the company is pursuing. What should the risk manager do?

  A. Contact the risk managers of the other projects and inform them
  B. Include an escalation process in the risk management plan
  C. Take note of the extensive impact of these risks in the risk register
  D. Address the unique characteristics of these risks on a case-by-case basis
  B. Include an escalation process in the risk management plan

• Question 532:

  A stakeholder is asking a project team to hire an external vendor with more expertise and capacity to accelerate a delivery plan. The team has some concerns about this request. What should the risk manager do first?

  A. Conduct a strengths weakness, opportunities, and threats (SWOT) analysis.
  B. Create a contingency plan
  C. Start a vendor assessment
  D. Submit a change request
  C. Start a vendor assessment

• Question 533:

  To properly ensure risk information is incorporated into the overall project management framework, risk data must be provided to the schedule analysts and cost estimators on a periodic basis. How frequently should this be performed?

  A. As defined in the risk plan
  B. At least once per month
  C. At the end of the financial quarter
  D. As defined in the company standards
  A. As defined in the risk plan

• Question 534:

  A home solar panel project has many internal and external stakeholders including households, businesses, community groups, electric utility companies, local government officials, landlords, and investors. What should the project manager do when engaging stakeholders?

  A. Include all stakeholders in the project's governance.
  B. Communicate response strategies to all stakeholders.
  C. Ignore any risks beyond stakeholders' tolerance.
  D. Consider stakeholders' positions and opinions regarding the project's output.
  D. Consider stakeholders' positions and opinions regarding the project's output.

• Question 535:

  The project manager must evaluate two separate contractors for a project with an absolute finish date of 15 December. After performing a Monte Carlo assessment on the submitted schedules, the following information is found:

  

  Which contractor should be chosen, because of having the highest statistical output?

  A. Contractor A should be chosen based on confidence level.
  B. Contractor B should be chosen based on probability.
  C. Contractor A should be chosen based on probability and confidence level.
  D. Contractor B should be chosen based on probability and confidence level.
  A. Contractor A should be chosen based on confidence level.

• Question 536:

  Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?

  A. The project scope statement must be understood to see the project requirements and the inherent risks of the project.
  B. The project scope statement will reveal the type of project as either a recurrent or first-of-its-kind project.
  C. The project scope identifies the risks associated with project constraints.
  D. The project scope statement must be reviewed to understand the quality requirements and the risks associated with the demand for quality.
  B. The project scope statement will reveal the type of project as either a recurrent or first-of-its-kind project.

• Question 537:

  Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save $75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

  A. Share
  B. Mitigation
  C. Exploit
  D. Enhance
  C. Exploit

• Question 538:

  A project manager has been assigned to a project that is just starting. The organization has a very low risk appetite towards this project due to constraints on budget and schedule. The project stakeholders are very engaged on the project and want to ensure that there is clear visibility on the project risks and progress.

  How should the project manager handle stakeholder expectations?

  A. Add buffers to the schedule to accommodate risk.
  B. Ensure the risk register includes all identified risks.
  C. Discuss the risk response strategies with the stakeholders.
  D. Develop a communication plan to share updates on risks.
  D. Develop a communication plan to share updates on risks.

• Question 539:

  During project execution for a software development program, a risk manager notices the results vary from the stated expectations in the planning phase. The project team states that there was unrealistic planning. What should the risk manager do next to understand the differences between planning and execution?

  A. Engage with the team to present the actual results to the sponsor.
  B. Prepare a management of change (MOC) to adjust the project cost and duration.
  C. Move forward with the lessons learned from the sprint.
  D. Review the assumptions to understand any change.
  D. Review the assumptions to understand any change.

• Question 540:

  While creating the appropriate risk strategy, the project manager discovers that the project team lacks the necessary expertise to define the risk management plan. What additional resources should be utilized?

  A. Consultants, organizational process assets, subject matter experts, and stakeholder tolerance analysis
  B. Consultants, industry group, and subject matter experts
  C. Consultants, professional and technical associations, subject matter experts, and industry groups
  D. Consultants, professional and technical associations, and subject matter experts
  A. Consultants, organizational process assets, subject matter experts, and stakeholder tolerance analysis