PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 571:

  A project to deploy a new technology in field offices across the country has just been initiated. Some stakeholders are not supportive of this project because their teams will potentially be impacted by staff reductions once the technology is implemented.

  How should the risk manager address this concern?

  A. Invite these stakeholders to regular meetings to engage them in the definition of project assumptions.
  B. Identify new stakeholders who might replace those involved thus far and are more closely aligned to the project goals.
  C. Review the risk thresholds to potentially accommodate the concerns raised by these stakeholders.
  D. Perform a stakeholder analysis to determine their interests and how they should be taken into account.
  D. Perform a stakeholder analysis to determine their interests and how they should be taken into account.

• Question 572:

  While developing a risk management plan for a complex program in a metricized environment, a program management team is itemizing a response plan for each identified risk that appears in the risk register. What should the risk manager do to effectively monitor the risks?

  A. Present the complicated nature of the program risk responses to the sponsor for proper advice.
  B. Determine the workarounds for the program risks and allocate responsibilities to the team.
  C. Allow the most experienced program manager to handle the most critical program risks.
  D. Encourage the program team to assume risk ownership prior to delegation.
  D. Encourage the program team to assume risk ownership prior to delegation.

• Question 573:

  You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

  

  A. $142,000
  B. $41,750
  C. $23,750
  D. $232,000
  C. $23,750

• Question 574:

  During a project's initial planning session, the project team identifies a possible risk. The team is under the impression that a critical vendor might delay delivery. This could impact both the project schedule and budget. The team shares insights on the risk's likelihood and impact with the risk manager.

  What should the risk manager do?

  A. Assume the vendor will deliver on time and focus only on internal risks.
  B. Allocate contingency funds without first evaluating the risk's probability and impact.
  C. Wait indefinitely for the vendor's update before analyzing the risk.
  D. Assess the risk using a probability-impact matrix and prioritize it based on its score.
  D. Assess the risk using a probability-impact matrix and prioritize it based on its score.

• Question 575:

  A well established project begins to experience cost overruns and falls behind schedule. The project risk register identifies many risks and risk response plans in place, yet many risks are transitioning into issues. As the risks occur and become issues, many of the response plans are in progress, but not complete. The data from this graph represents the status of the project risks.

  

  Based on this information, what improvement to the risk management process is required?

  A. Increase the project risk identification and analysis.
  B. Improve the risk analysis to better define root causes.
  C. Transition to an issue management program and close the remaining open risks.
  D. Review remaining risk response plans and invest in schedule quality improvements.
  B. Improve the risk analysis to better define root causes.

• Question 576:

  Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three separate risk scores. Who is correct in this scenario?

  A. Harry is correct, because the risk probability and impact considers all objectives of the project.
  B. Harry is correct, the risk probability and impact matrix is the only approach to risk assessment.
  C. Sammy is correct, because organizations can create risk scores for each objective of the project.
  D. Sammy is correct, because she is the project manager.
  C. Sammy is correct, because organizations can create risk scores for each objective of the project.

• Question 577:

  What approach can a project manager use to improve the project's performance during qualitative risk analysis?

  A. Focus on near-term risks first.
  B. Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.
  C. Focus on high-priority risks.
  D. Analyze as many risks as possible regardless of who initiated the risk event.
  C. Focus on high-priority risks.

• Question 578:

  

  Given the output from the Monte Carlo simulation, what is the probability of a successful completion within the project budget?

  A. 30% probability of meeting project budget
  B. 46% probability of meeting project budget
  C. 56% probability of meeting project budget
  D. 60% probability of meeting project budget
  C. 56% probability of meeting project budget

• Question 579:

  The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.

  A. Quantitative Risk Analysis
  B. Risk Monitoring and Control
  C. Potential Risk Monitoring
  D. Risk Management Planning
  A. Quantitative Risk Analysis
  B. Risk Monitoring and Control
  D. Risk Management Planning

• Question 580:

  A heavy industrial design firm has over US$3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have been identified and assessed as high priorities for the project.

  What is the most effective method to capture these opportunities?

  A. Integrate them into the RBS.
  B. Schedule a project team meeting.
  C. Formally notify the project manager.
  D. Establish a contingency reserve.
  A. Integrate them into the RBS.