PMI PMI-RMP Online Practice Questions and Exam Preparation

PMI PMI-RMP Online Questions & Answers

• Question 61:

  A project manager is identifying risks on a project and decides to use a risk checklist to gather historical data accumulated from similar projects. With several different historical project files to choose from, which two pieces of information should the project manager include in their risk checklist? (Choose two.)

  A. Budget variance data from previously completed projects.
  B. Project scope and cost management plans from previous projects.
  C. Lessons learned from similar completed projects.
  D. Previous project risks that may be relevant to this project.
  E. Stakeholder analysis metrics from projects with similar risk profiles.
  C. Lessons learned from similar completed projects.
  D. Previous project risks that may be relevant to this project.

• Question 62:

  Bill is the project manager for a project that will last six months and has a budget of $580,000. In this project a high-risk has been identified with the new materials the project will be using. Bill would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the authority to respond to the risk event if it appears in the risk events that is likely to happen. In addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is the risk response owner?

  A. Bill, because he is the project manager
  B. Beth, because she has the authority to respond to the risk event
  C. Beth and the consultant are the risk owners
  D. The consultant working with Beth, because this is transference
  B. Beth, because she has the authority to respond to the risk event

• Question 63:

  Gary is the project manager of his organization. He is managing a project that is similar to a project his organization completed recently. Gary has decided that he will use the information from the past project to help him and the project team to identify the risks that may be present in the project. Management agrees that this checklist approach is ideal and will save time in the project. Which of the following statement is most accurate about the limitations of the checklist analysis approach for Gary?

  A. The checklist analysis approach is fast but it is impossible to build and exhaustive checklist.
  B. The checklist analysis approach saves time, but can cost more.
  C. The checklist analysis approach only uses qualitative analysis.
  D. The checklist is also known as top down risk assessment.
  A. The checklist analysis approach is fast but it is impossible to build and exhaustive checklist.

• Question 64:

  A project team member identifies, but does not document, a risk early in the project, because it is considered to be trivial. This risk occurs later and negatively impacts the project. What could the project manager do to avoid this situation?

  A. Conduct team meetings early in the project to ensure team member are familiar with risk identification requirements.
  B. Communicate the punishment and rewards policy to the project team during the project kick-off meeting.
  C. Provide project team members with access to simulation tools and decision tree diagrams.
  D. Provide team members with a risk management prompt list early in the project to ensure risks are not missed.
  A. Conduct team meetings early in the project to ensure team member are familiar with risk identification requirements.

• Question 65:

  What are critical success factors for the Plan Risk Responses process?

  A. Collect high-quality information about risks, address threats and opportunities, address interaction of risks and responses, and specify timing of responses
  B. Define roles and responsibilities, address threats and opportunities, address interaction of risks and responses, and specify timing of responses
  C. Define roles and responsibilities, address threats and opportunities, categorize risk causes, and addresses interaction of risks and responses
  D. Identify appropriate project model, define roles and responsibilities, address threats and opportunities, and addresses interaction of risks and responses
  B. Define roles and responsibilities, address threats and opportunities, address interaction of risks and responses, and specify timing of responses

• Question 66:

  The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)

  A. Work breakdown structure (WandS)
  B. Project organizational chart
  C. Configuration management plan
  D. Brainstorming
  E. Monte Carlo analysis
  A. Work breakdown structure (WandS)
  B. Project organizational chart

• Question 67:

  Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project. One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?

  A. It is an uncertain event that can affect the project costs.
  B. It is an uncertain event or condition within the project execution.
  C. It is an uncertain event that can affect at least one project objective.
  D. It is an unknown event that can affect the project scope.
  C. It is an uncertain event that can affect at least one project objective.

• Question 68:

  You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?

  A. Four
  B. One
  C. Three
  D. Seven
  A. Four

• Question 69:

  A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

  A. The functional manager is responsible for providing the training.
  B. Provide project specific risk training and mentor through the risk process.
  C. Send the new team member the risk management plan to read.
  D. Provide the new team member with a copy of the risk register and latest status report.
  B. Provide project specific risk training and mentor through the risk process.

• Question 70:

  As a result of the Control Risk process, the project manager updates the project risk documents using outcomes from which of the following?

  A. Risk reserve analysis and risk thresholds
  B. Risk response strategies and risk analysis
  C. Risk reviews and risk register analysis
  D. Risk assessments and risk audits
  B. Risk response strategies and risk analysis