PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 681:

  You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

  A. Acceptance
  B. Avoidance
  C. Mitigation
  D. Transference
  D. Transference

• Question 682:

  Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

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

• Question 683:

  The risk manager is currently performing the monitoring and reporting process. Which of the following is an input for schedule metrics?

  A. Work breakdown structure
  B. Risk breakdown structure
  C. Critical path method
  D. Organizational breakdown structure
  B. Risk breakdown structure

• Question 684:

  After the initial assessment of a new project, a project manager found that in order to complete the expected results, detailed and exhaustive planning will be required to ensure the product's characteristics and quality. What should the risk manager propose to the project manager what to do?

  A. Use a predictive approach for the delivery.
  B. Use a hybrid approach for the delivery.
  C. Use an adaptive approach for the delivery.
  D. Use an agile approach for the delivery.
  A. Use a predictive approach for the delivery.

• Question 685:

  The project risk manager on a large firm fixed priced (FFP) contract has an up-to-date risk register with accurate and detailed information. What should the project risk manager do next?

  A. Recommend the removal of risks to the project manager to reduce project risk exposure.
  B. Advise the client that the project has exhausted contingency.
  C. Quantify the risk exposure that exceeds project contingency.
  D. Generate reports to assess and communicate the project risk level.
  C. Quantify the risk exposure that exceeds project contingency.

• Question 686:

  The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk. What should the team perform in this scenario?

  A. Quantitative risk analysis
  B. Risk response planning
  C. Monitor and control risks
  D. Risk urgency assessment
  A. Quantitative risk analysis

• Question 687:

  A project team has just initiated a large project to move an organization's headquarters to another location. The risk manager has scheduled a risk identification session but notices that the project charter, work breakdown structure (WBS). and scope statement are not available.

  What should the risk manager consider?

  A. Aligning with the project manager to hold an open brainstorm session with all stakeholders will suffice.
  B. The ideal solution is to find alternate documents that provide good visibility on the environment.
  C. The risk identification process can be carried out as long as the project statement is available.
  D. Risk evaluation will be challenging without these elements as a frame of reference.
  D. Risk evaluation will be challenging without these elements as a frame of reference.

• Question 688:

  During the monthly executive review meeting, the project sponsor would like to understand how the project team has planned to manage risks that were identified in the last meeting. What should the project manager do?

  A. Utilize a Monte Carlo assessment to provide risk related impacts.
  B. React to the secondary and residual risks only if they occur.
  C. Include secondary and residual risks as part of the response.
  D. Transfer secondary and residual risks to the project sponsor.
  C. Include secondary and residual risks as part of the response.

• Question 689:

  A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan. What is the expected outcome of developing the risk management plan?

  A. Being able to monitor and control risks throughout the project.
  B. Defining how risk management will be executed throughout the project.
  C. Documenting the communication strategy for risks throughout the project.
  D. Having the ability to identify risks throughout the project.
  B. Defining how risk management will be executed throughout the project.

• Question 690:

  The project manager has completed four projects all with similar scope. The project manager has recently been assigned to start on a new project and believes some risks may occur again on this project. What should the project manager do?

  A. Implement the risk response strategies into the risk plan.
  B. Inform the sponsor that these risks should be added according to experience.
  C. Add the risks to the risk register and determine a contingency.
  D. Discuss and evaluate the identified risks with the project team.
  D. Discuss and evaluate the identified risks with the project team.