PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 561:

  Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?

  A. Quantitative analysis
  B. Qualitative analysis
  C. Risk distribution
  D. Monte Carlo Analysis
  D. Monte Carlo Analysis

• Question 562:

  Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point of completion. What is the schedule variance for this project?

  A. -$217,500
  B. 20 percent
  C. -$174,000
  D. -$269,000
  C. -$174,000

• Question 563:

  Mark works as a project manager of the NNH project. In this project, he has created a contingency response that the cost performance index should be less than 0.91. The NHH project has a budget at completion of $950,000 and is 43 percent complete - though the project should be 50 percent complete. The project has spent $470,897 to reach the 43 percent complete milestone. What is the project's cost performance index?

  A. 0.95
  B. 0.80
  C. 0.87
  D. 0.91
  C. 0.87

• Question 564:

  During a brainstorming session, a stakeholder identifies a risk that, if realized, could greatly impact their team. The stakeholder insists that this particular risk should be mitigated to the greatest extent possible, however, the majority of other stakeholders feel that different risks have higher probabilities of occurring.

  Which action should the risk manager take to address this risk?

  A. Accept the identified risk because other stakeholders feel that there are higher priority risks to address.
  B. Mitigate the identified risk in order to reduce the probability of impacting the stakeholder's team.
  C. Escalate the identified risk to the project sponsor and allow them to determine the best course of action.
  D. Add the identified risk to the risk register for future probability and impact analysis.
  D. Add the identified risk to the risk register for future probability and impact analysis.

• Question 565:

  A risk manager for a new product development project has worked diligently with stakeholders and the project team to identify and document risks. These project risks vary widely in probability and impact. Which three actions should the risk manager take to inform the identification of resource requirements for individual risk responses? (Choose 3).

  A. Work with the project team to conduct a decision tree analysis for each risk or set of related risks.
  B. Calculate the expected monetary value (EMV) of each risk and use these outputs to inform and defend project reserves.
  C. Conduct a Monte Carlo simul-ation to understand the probabilities of various risk outcomes.
  D. Use the risk breakdown structure (RBS) to calculate the total cost of mitigating all risks and ensure project reserves are adequate to cover this amount.
  E. Focus attention and resources on identified risks with the highest potential to impact the project.
  A. Work with the project team to conduct a decision tree analysis for each risk or set of related risks.
  B. Calculate the expected monetary value (EMV) of each risk and use these outputs to inform and defend project reserves.
  E. Focus attention and resources on identified risks with the highest potential to impact the project.

• Question 566:

  FILL BLANK Fill in the blank with an appropriate phrase. ________are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.

  Pure risks

• Question 567:

  While preparing for a project review meeting with leadership, the project team analyzes and checks its scope activities and discovers missing requirements. The project risk manager decides to hire a subcontractor to fulfil these newly discovered requirements.

  What risk strategy did the project risk manager use?

  A. Avoid
  B. Transfer
  C. Accept
  D. Mitigate
  B. Transfer

• Question 568:

  Lisa is the project manager of the SQL project for her company. She has completed the risk response planning with her project team and is now ready to update the risk register to reflect the risk response. Which of the following statements best describes the level of detail Lisa should include with the risk responses she has created?

  A. The level of detail is set by historical information.
  B. The level of detail should correspond with the priority ranking.
  C. The level of detail must define exactly the risk response for each identified risk.
  D. The level of detail is set of project risk governance.
  B. The level of detail should correspond with the priority ranking.

• Question 569:

  The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?

  A. Scope reduction to reduce SME reliance
  B. Risk management plan and planned risks responses
  C. Risk identification process and participation
  D. Detailed review of the project schedule before approval
  A. Scope reduction to reduce SME reliance

• Question 570:

  A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects.

  What should the project manager do in this situation?

  A. Escalate this initiative to project decision makers and sponsors.
  B. Accept the fact that there is a risk associated with this new technology.
  C. Take advantage of this opportunity of Improving the project performance.
  D. Outsource the implementation of the new technology as soon as possible.
  C. Take advantage of this opportunity of Improving the project performance.