PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 541:

  Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

  A. Risk response
  B. Quantitative analysis
  C. Contingency reserve
  D. Risk response plan
  C. Contingency reserve

• Question 542:

  In a large industrial business, an on-going system development project faces a previously identified risk. The risk is adequately managed by the risk manager, however there is still residual risk. What should the risk manager do?

  A. Update the risk register accordingly and review it in regular project meetings.
  B. Accept the risk because residual risks are often low.
  C. Ask a subject matter expert (SME) to assess the residual risk and take action.
  D. Assign a risk owner and set it as high priority and high impact.
  C. Ask a subject matter expert (SME) to assess the residual risk and take action.

• Question 543:

  You are the project manager of the GYH project for your organization. Management has asked you to begin identifying risks and to use an information gathering technique. Which one of the following risk identification approaches is an information gathering technique?

  A. Root cause analysis
  B. Assumptions analysis
  C. SWOT analysis
  D. Documentation reviews
  A. Root cause analysis

• Question 544:

  A risk manager was recently hired to assist with a mid-sized infrastructure project. The risk manager becomes aware that they have an inexperienced project team. What two items should the risk manager have their team review in order to prepare for an upcoming risk identification workshop? (Choose two.)

  A. Scope of work and requirements
  B. Monte Carlo analysis from a similar project
  C. List of pre-approved contractors
  D. Organization chart for city permit department
  E. Risk management plan
  A. Scope of work and requirements
  E. Risk management plan

• Question 545:

  You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?

  A. IRGC addresses questions such as the understanding of the secondary impacts of a risk.
  B. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.
  C. IRGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks.
  D. IRGC is both a concept and a tool.
  B. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.

• Question 546:

  A risk has been identified in a multi-functional project. The project manager decides to take no action. What type of response is this considered?

  A. Avoidance
  B. Exploitation
  C. Procrastination
  D. Acceptance
  D. Acceptance

• Question 547:

  The project managers implementing a computer interface to facilitate communications between to ticketing systems for two major companies in the IT industry. During the Plan Risk Response process, the project team agrees on the contingency plan that should mitigate the negative impact of the risk. However, during the project execution, one of the subject matter experts identifies a residual risk that was not taken into consideration during the risk response planning session, but could potentially affect the project schedule baseline.

  What should the risk manager do to handle this residual risk?

  A. Increase the management reserve.
  B. Analyze this risk and update the risk register.
  C. Accept the risk, since it is minor.
  D. Reject the risk, since the risk plan will take care of all the risks.
  B. Analyze this risk and update the risk register.

• Question 548:

  A risk manager has been assigned to prepare a risk management plan for a new project. Which factor should the risk manager prioritize when tailoring the risk management processes for the new project?

  A. Available funds for risk management activities
  B. Size and duration of the project
  C. Maturity of the organization's risk management processes
  D. Number of stakeholders associated with the project
  B. Size and duration of the project

• Question 549:

  The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several pieces of information including all of the following except for which one?

  A. Trends in qualitative risk analysis
  B. Risk probability-impact matrix
  C. Watchlist of low-priority risks
  D. Risks grouped by categories
  B. Risk probability-impact matrix

• Question 550:

  Which of the following characteristics would a risk-tolerant person or group demonstrate?

  A. Adaptable and resourceful; not afraid to take action; thrill seeking
  B. Discomfort with uncertainty; low tolerance for ambiguity. seeks security and resolution in the face of risk
  C. Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and not afraid of change or unknowns
  D. Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior.
  D. Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior.