PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 551:

  The risk manager conducted an updated Monte Carlo simul-ation for the project at the end of a phase. The simul-ation reveals a key activity is now on the critical path. What recommendation should the risk manager make to the project manager?

  A. Add more float to the key activity
  B. Add more contingency to the project
  C. Review the plans for the key activity
  D. Increase the budget for the key activity
  C. Review the plans for the key activity

• Question 552:

  A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans. How should a professional risk manager manage the risks in such situations?

  A. Adopt a predictive approach to manage the risks.
  B. Adopt agile approaches to manage the risks.
  C. Utilize proper documentation to help manage the risks.
  D. Conduct weekly risk management meetings with all stakeholders.
  B. Adopt agile approaches to manage the risks.

• Question 553:

  A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very small chance that this risk will occur and even if it occurs, the impact would be low. What should the risk manager do with this risk?

  A. Put the risk on the watch list.
  B. Seek guidance from subject matter experts (SMEs).
  C. Ignore this risk as it is not critical.
  D. Inform the stakeholders about this risk.
  A. Put the risk on the watch list.

• Question 554:

  You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

  A. Stakeholder management strategy
  B. Risk management plan
  C. Risk register
  D. Lessons learned documentation
  C. Risk register

• Question 555:

  Rachel is the project manager of the KJH Project for her company. She needs a method to create a quick and simple approach to risk identification to communicate the project risk with the stakeholders. Which one of the following approaches to risk identification should Rachel choose to provide a quick and simple listing of the project risks?

  A. Delphi Technique
  B. Checklist analysis
  C. Assumptions analysis
  D. Brainstorming
  B. Checklist analysis

• Question 556:

  You work as the project manager for Bluewell Inc. You are working on NGQQ Projectyou're your company. You have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the responses?

  A. Risk acceptance
  B. Risk avoidance
  C. Risk transference
  D. Risk mitigation
  C. Risk transference

• Question 557:

  The risk manager of a medium-sized project is performing risk response planning with the project team. The proposed action for one specific, primary risk introduces a secondary risk What should the risk manager and the risk owner of the primary risk do about this situation?

  A. Take no action, as secondary risks are not important for the successful execution of a project.
  B. Inform the project manager about the occurrence of a secondary risk and propose to increase the management reserve.
  C. Perform an analysis to calculate the estimated required budget for the secondary risk and propose to increase the management reserve accordingly.
  D. Produce an agreed risk description, assess the probability, impacts, and select an appropriate response strategy for the secondary risk.
  D. Produce an agreed risk description, assess the probability, impacts, and select an appropriate response strategy for the secondary risk.

• Question 558:

  Which form of communication minimizes misunderstandings and reinforces teamwork?

  A. Status reports
  B. Discussion threads
  C. Face-to-face discussions
  D. Project archives
  C. Face-to-face discussions

• Question 559:

  A risk manager has been assigned to an upcoming project. A senior risk manager within the organization recently completed a similar project and has provided a lessons learned document to aid planning efforts for the upcoming project. Upon reviewing the document, the risk manager discovers that the completed project was delivered several months behind schedule and several thousands of dollars over budget. The root cause was determined to be an unforeseen risk trigger that caused several items to be reworked, creating cascading schedule delays and depleting management reserves.

  What should the risk manager do to mitigate the chance of the same issues reoccurring?

  A. Ensure that all project stakeholders have a copy of and understand the project's risk management plan.
  B. Increase the management reserves and inform stakeholders of what is available to cover any unexpected expenses
  C. Distribute the lessons learned document to stakeholders knowing that the likelihood of reoccurrence is low.
  D. Document the known risk triggers as the identified cost and schedule risks in the risk register.
  D. Document the known risk triggers as the identified cost and schedule risks in the risk register.

• Question 560:

  A project manager managing a high-risk rating project was just informed that one of the key project resources has decided to leave the organization. The project manager asks the risk manager for their recommendations. The risk manager previously identified this as a risk and had created a transition plan to enable another resource to carry out the same duties. The risk manager was informed that by transitioning the responsibilities to the new resource, new risks to the completion dates of other project-related tasks appear.

  What should the risk manager advise the project manager?

  A. Escalate the new risks immediately to the project stakeholders to ensure proper risk communication is in place.
  B. Address these secondary risks as per the risk management plan
  C. Apply a risk acceptance strategy to the new risks as there is no risk response plan.
  D. Update the risk management plan with the new probabily/impact and change the response.
  C. Apply a risk acceptance strategy to the new risks as there is no risk response plan.