PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 631:

  During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk. What should the risk manager do first?

  A. Update the new risk in the risk register.
  B. Plan responses for the new risk.
  C. Passively accept the new risk.
  D. Add the new risk to the watch list.
  A. Update the new risk in the risk register.

• Question 632:

  A project's risk manager successfully implements the risk management plan and the risk register. Furthermore, the risk analysis and the risk response planning are finalized. All results have been documented, and the project management plan and other project documents have been updated accordingly.

  What should the risk manager do next?

  A. Perform a lessons learned document update with the defined risks.
  B. Perform regular reserve analysis to ensure that the assigned risk reserve budgets are sufficient.
  C. Perform risk date quality assessments.
  D. Perform continuous risk re-evaluation throughout the project life cycle to ensure risk management effectiveness.
  D. Perform continuous risk re-evaluation throughout the project life cycle to ensure risk management effectiveness.

• Question 633:

  Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?

  A. Sharing
  B. Transference
  C. Enhance
  D. Exploit
  C. Enhance

• Question 634:

  You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?

  A. A qualitative risk analysis requires fast and simple data to complete the analysis.
  B. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
  C. A qualitative risk analysis encourages biased data to reveal risk tolerances.
  D. A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
  B. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.

• Question 635:

  Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

  A. Project risk assessment officer
  B. Project management office
  C. Project sponsor
  D. Project manager
  D. Project manager

• Question 636:

  Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project schedule variance is greater than $10,000 the contingency plan will be implemented. What is the formula for the schedule variance?

  A. SV=EV/PV
  B. SV=PV-EV
  C. SV=EV/AC
  D. SV=EV-PV
  D. SV=EV-PV

• Question 637:

  A risk manager is integrated into a team overseeing a crucial software development project. During the information gathering phase, the risk manager notices significant weaknesses in the maturity of the risk management process. The team needs to establish a more structured approach to managing risks, including the documentation of strategies, ownership structures, and details about the organization's project risk baseline.

  What should the risk manager do?

  A. Prioritize the risk management plan.
  B. Arrange the risk mitigation plan.
  C. Create a risk action plan with risk owners.
  D. Prioritize the risk register.
  A. Prioritize the risk management plan.

• Question 638:

  Which of the following could be included in risk monitoring and controlling techniques?

  A. Status review meetings, trend analysis, earned value analysis, McGregor's analysis, defect repair, inspection
  B. Status review meetings, variance analysis, trend analysis, earned value analysis, inspection, control charts
  C. Status review meetings, control charts, Inspection, defect repair, Maslow's analysis, trend analysis
  D. Variance analysis, trend analysis, earned value analysis, Maslow's analysis, control charts, brainstorming
  B. Status review meetings, variance analysis, trend analysis, earned value analysis, inspection, control charts

• Question 639:

  A highly complex project is about to start Considering that many changes and new information will arise as the work moves forward, key stakeholders are anxious about not addressing risks on time What should the risk manager do in this situation?

  A. Establish a formal and upfront risk identification process.
  B. Use a detailed and quantitative risk assessment process.
  C. Create an effective and clear risk communication process.
  D. Adopt a dynamic and frequent risk management process.
  D. Adopt a dynamic and frequent risk management process.

• Question 640:

  Some project risks are applicable for the project's lifecycle while others risks are only applicable to specific project activities. When should project risks be closed?

  A. When the forecast activity date has been met or exceeded
  B. When the stakeholders agree a risk is no longer applicable
  C. When the risk has been realized and can no longer happen again
  D. When iterative data analysis determines the risk is not applicable
  B. When the stakeholders agree a risk is no longer applicable