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PMI-RMP Practice Exam Questions and Answers

PMI Risk Management Professional (PMI-RMP) Exam

Last Update 3 days ago
Total Questions : 264

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Question # 1

During the weekly project meeting a risk manager identified new risks in the last sprint, which might impact the project cost by implementing mitigation plans. The sponsor and some project team members do not agree that those risks can impact the project cost.

What should the risk manager do to resolve the sponsor and project team members' concerns about risk identification?

Options:

A.  

Reinforce to the stakeholders that the risk identification was done properly during the last sprint.

B.  

Highlight the importance of agreeing on the risk identification to avoid further delays.

C.  

Conduct a separate meeting to show the risk identification analysis to the stakeholders.

D.  

Ensure that the most knowledgeable members of the team validate risk identification processes. 

Discussion 0
Question # 2

The project manager wants to use an objective method to evaluate the key project risks and develop response plans.

What action should the risk manager propose?

Options:

A.  

Ask the team to perform an earned value analysis.

B.  

Review the lessons learned from other projects.

C.  

Ask the team to prepare a Monte Carlo analysis.

D.  

Ask the risk expert to perform a PESTLE evaluation.

Discussion 0
Question # 3

An organization with a portfolio of unique business functions kicks-off a performance improvement project across the entire organization. There are a large number of stakeholders the project team will need to consider during risk identification.

What three actions should the risk manager ensure the project team performs during risk identification? (Choose 3)

Options:

A.  

Develop checklists based on historical information

B.  

Conduct interviews, meetings, and focus groups

C.  

Assign a different risk manager for each portfolio unit

D.  

Employ brainstorming to generate spontaneous ideas

E.  

Perform qualitative and quantitative risk analyses 

Discussion 0
Question # 4

After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in the response plan to help mitigate the risks?

Options:

A.  

Probability of a response triggering a secondary risk

B.  

How the response will affect the quality of the components

C.  

If the risk response is tied to an activity on the critical path

D.  

Verify due dates for the actions have been identified

Discussion 0
Question # 5

A project team in a multinational organization is working on a risk management plan for a multimillion-dollar project. This project involves three global regions with a wide range of critical stakeholders with varying degrees of risk appetite.

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

Options:

A.  

Align the project risk thresholds with the risk appetite of a critical region.

B.  

Align the project risk thresholds with the organizational risk appetite.

C.  

Concentrate on the risk appetites of the influential stakeholders.

D.  

Concentrate on the risk appetites of the vulnerable stakeholders. 

Discussion 0
Question # 6

Some engineers are completing an activity that will alert the project team if there is a risk of requiring additional effort to complete the project. What should the risk manager do in case the trigger arises?

Options:

A.  

Activate the contingency plan.

B.  

Request a reserves increase.

C.  

Add the alert to the risk register.

D.  

Update the risk response plan.

Discussion 0
Question # 7

Which statement describes the risk portrayed on the risk matrix heat map below?

Options:

A.  

The risk has a probability of 60% of occurrence and a medium impact rating.

B.  

The risk has a probability of 40% of occurrence and a high impact rating.

C.  

The risk has a high impact and probability of occurring.

D.  

The risk has a low probability and high impact rating.

Discussion 0
Question # 8

There is a debate within the organization on whether projects need to be agile or waterfall. Some agile terms and principles are understood differently by the key stakeholders, and this delays the decision-making process.

Options:

A.  

Organize training sessions to create awareness around the agile values for stakeholders.

B.  

Facilitate a face-to-face discussion and have stakeholders agree to shift to agile for future projects.

C.  

Recommend an external facilitator as no one in the organization is able to eliminate this roadblock.

D.  

Allow stakeholders to discuss without the scrum master's intervention.

Discussion 0
Question # 9

A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning.

What should the risk manager complete first?

Options:

A.  

The risk categorization

B.  

The risk simul-ation

C.  

The full risk description

D.  

The risk response plan

Discussion 0
Question # 10

A project manager was informed that the testing of the latest component in the project's software update release was not successful. As a result, 1he delivery timelines for the software release wifi be delayed, The project manager did not previously capture this as a risk to the project.

What should the project manager do next to avoid similar risks?

Options:

A.  

Add contingencies to other tasks to mitigate similar risks.

B.  

Reassess risks with a new assumptions and constraints analysis.

C.  

Review the risk response plan looking for lessons learned.

D.  

Log the event in the issue log and update the project management plan.

Discussion 0
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