PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 671:

  Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed. What recommendation could be implemented to prevent this from recurring?

  A. Use the Monte Carlo simulation.
  B. Implement a reserve analysis process.
  C. Conduct more frequent reserve watch list status meetings.
  D. Increase the contingency reserve.
  C. Conduct more frequent reserve watch list status meetings.

• Question 672:

  A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager performing in this situation?

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

• Question 673:

  During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was originally identified as a risk during earlier stages of the project and the associated risk response indicated a plan to purchase a new power adapter.

  Which project fund will be used to cover this cost?

  A. Management reserve
  B. Management budget
  C. Project budget
  D. Contingency reserve
  D. Contingency reserve

• Question 674:

  Which input could be utilized to perform quantitative risk analysis to reduce uncertainty?

  A. Risk categorization
  B. Organizational process assets
  C. Stakeholder register
  D. Expert judgment
  B. Organizational process assets

• Question 675:

  As part of identifying the risk appetite of project stakeholders, the project manager must first identify the stakeholders. Which of the following inputs are used to identify project stakeholders?

  A. Project charter, management reserve, enterprise environmental factors, and organizational process assets
  B. Project management plan, human resource plan, enterprise environmental factors, and organizational process assets
  C. Project charter, bid documents, enterprise environmental factors, and organizational process assets
  D. Project charter, communications management plan, enterprise environmental factors, and organizational process assets
  C. Project charter, bid documents, enterprise environmental factors, and organizational process assets

• Question 676:

  You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their emails for maintaining anonymity. You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?

  A. Delphi
  B. Expert judgment
  C. SWOT analysis
  D. Brainstorming
  A. Delphi

• Question 677:

  Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?

  A. Root cause analysis
  B. Quantitative risk analysis
  C. Ensuring that actions are available to address significant events before their occurrence
  D. Involving selected exons in the process
  B. Quantitative risk analysis

• Question 678:

  You are the project manager of the NGH project for your organization. You want to create a causeand- effect diagram to help discover the root causes of the risks within the project. Harold, the CIO, recommends that you create an Ishikawa diagram instead. What is an Ishikawa diagram?

  A. It is a graphical representation of situations showing causal influences.
  B. It is the same thing as a root cause diagram.
  C. It shows how various elements of a system interrelate.
  D. It diagrams the risks according to the work breakdown structure including resources.
  B. It is the same thing as a root cause diagram.

• Question 679:

  A risk manager is preparing risk reports to be included in the monthly status report for project executives. How should the risk manager present the information?

  A. Earned value management (EVM) variance metrics
  B. A risk burndown chart showing remaining risks
  C. The format established in the risk management plan
  D. An itemized list of remaining risks and their scores
  D. An itemized list of remaining risks and their scores

• Question 680:

  You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

  A. Mitigation-ready project management
  B. Risk utility function
  C. Risk avoidance
  D. Risk-reward mentality
  B. Risk utility function