PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 591:

  When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The CEO decides to create a new centralized risk management function to help resolve the problem.

  How does centralizing the risk management function help resolve the problem?

  A. Enhance the process of identification of different Individual project risks.
  B. Allows monitoring the impact against the overall project risk exposure.
  C. Establishes risk sources and ownership for trigger monitoring.
  D. Creates a single repository for all project risk documents.
  B. Allows monitoring the impact against the overall project risk exposure.

• Question 592:

  The risk manager and the project team conduct a risk brainstorming session for a new project. The risk manager wants to involve the entire project team in a group risk prioritization exercise for the identified risks. The project manager refuses the involvement of the entire project team due to resource concerns.

  What should the risk manager do?

  A. Convince the project manager of the importance of the whole project team's involvement in the full risk process.
  B. Continue to involve the project team in the risk prioritization process and then discuss lessons learned with the project manager.
  C. Follow the project manager's instruction, as the project manager is the responsible party.
  D. Inform the sponsor about the project manager's decision and the disagreement between parties.
  A. Convince the project manager of the importance of the whole project team's involvement in the full risk process.

• Question 593:

  During the risk Monitor and Control Project Work process, the scope, schedule, and cost begin to increase. What outputs should be updated and/or created?

  A. Project management plan, project documents, and human resource plan
  B. Change requests, project management plan, and project documents
  C. Change requests, cost plan, and project documents
  D. Enterprise environmental factors, change requests, and project management plan
  B. Change requests, project management plan, and project documents

• Question 594:

  A risk manager and project team are managing a software system project, which is expected to be completed within 12 months. The project is currently halfway through, and the team has just delivered the second version of the prototype. During the weekly status meeting, a team member reported that an important stakeholder is facing an issue, which will likely result in a change request that is outside the scope of the current prototype.

  What should the risk manager advise the team to do first?

  A. Mitigate the risk by asking the team member to gather more information.
  B. Add the risk to the issue log and revisit it when there is more information.
  C. Arrange a meeting with the stakeholder to discuss the risk and information.
  D. Add the risk to the risk register and gather information about its probability and impact.
  D. Add the risk to the risk register and gather information about its probability and impact.

• Question 595:

  A company has a project whose objective is to extract gold reserves from Field 1. However, another field closest to the company. Field 2, which has a higher probability of having twice as much gold reserves than Field 1. The risk manager requests the board of Directors to include Field 2 under the scope of the current project by management of change because the project's profitability will increase by 80%.

  What type of request is the risk manager describing?

  A. A request to increase project earnings
  B. A request to increase project resources
  C. A challenge to stakeholder thresholds
  D. A challenge to the project investment
  A. A request to increase project earnings

• Question 596:

  In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion. In implementing this plan, which response should the risk manager use?

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

• Question 597:

  During a virtual workshop presenting a product to potential clients, a facilitator emails the product brochure and asks attendees to check their spam folder if the email does not appear in their inbox. What kind of threat strategy is the facilitator applying?

  A. Accept actively
  B. Mitigate
  C. Accept passively
  D. Share
  B. Mitigate

• Question 598:

  The risk register is developed during the initial phases of a virtualized desktop deployment. The register is reviewed by peers, responses are planned, reviewed again, and risks are prioritized. After project completion, the risk register is reviewed as part of the formal lessons learned process. During the review, itis realized that the risk register was not updated, and many responses were not executed during the deployment.

  Which of the following options should have been performed during the execution of the project?

  A. Risk monitoring and control process
  B. Risk management process
  C. Risk identification
  D. Response planning
  A. Risk monitoring and control process

• Question 599:

  Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

  A. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
  B. Determine the risk root cause rather than the person identifying the risk events
  C. Establish risk boundaries
  D. Establish definitions of the level of probability and impact of risk event
  D. Establish definitions of the level of probability and impact of risk event

• Question 600:

  One project in a program needs to be completed in 6 months because there is a large bonus for early completion. Consequently, the program manager transfers all resources to this project and arranges for employees to receive overtime pay. Which risk response strategy is the program manager using in this scenario?

  A. Escalate
  B. Transfer
  C. Enhance
  D. Exploit
  D. Exploit