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PMI-RMP PMI Risk Management Professional (PMI-RMP) Exam is now Stable and With Pass Result | Test Your Knowledge for Free

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PMI-RMP Practice Questions

PMI Risk Management Professional (PMI-RMP) Exam

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Total Questions : 278

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Question # 11

A risk manager has to inform a project sponsor of the expected duration of an entire project. The project has three mam tasks, each with different probabilities of duration.

Which analytical tool should the risk manager use?

Options:

A.  

Probability tree diagram

B.  

Ishikawa diagram

C.  

Decision tree analysis

D.  

Monte Carlo simul-ation

Discussion 0
Question # 12

A project team has failed to complete an important project milestone on time. The team was counting on an external provider to deliver key equipment on a specific date but the provider was delayed.

What should the risk manager have done to prevent missing the milestone?

Options:

A.  

Better schedule monitoring and controlling.

B.  

Identify and analyze project plan assumptions.

C.  

Have a detailed work breakdown structure (WBS).

D.  

Use management reserves to cover delays.

Discussion 0
Question # 13

A project is in progress when the product team requests a change to the scope. The team indicates that this is a minimal change and should not create any problems.

What should the risk manager do next?

Options:

A.  

Update the work breakdown structure (WBS).

B.  

Analyze any potential impact.

C.  

Escalate the issue to management.

D.  

Add a new risk to the risk register.

Discussion 0
Question # 14

A project manager wants to work on understanding the project risks. The project manager works with the integrated project team to develop the risk handling strategies for the identified risks.

How should the project manager work with these risk handling strategies?

Options:

A.  

Review and revise the strategies periodically.

B.  

Implement the strategies after completing the risk analysis.

C.  

Implement the strategies immediately.

D.  

Ensure the strategies are approved by the stakeholders.

Discussion 0
Question # 15

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 # 16

The risk manager conducted an updated Monte Carlo simul-ation for the project at the end of a phase. The simul-ation reveals a key activity is now on the critical path.

What recommendation should the risk manager make to the project manager?

Options:

A.  

Add more float to the key activity

B.  

Add more contingency to the project

C.  

Review the plans for the key activity

D.  

Increase the budget for the key activity

Discussion 0
Question # 17

In a project to promote public health and mitigate health risks, the national health authorities intend to take actions to limit the risks of harmful insects by using pesticides; however, it is expected that some residents will have negative health effects due to the use of the pesticides but according to the assessment completed by the health authorities, not moving forward with this plan will have much more serious consequences on public health rather than following through with the original plan.

How should the project manager address this concern with the health authorities?

Options:

A.  

Suspend the project as the secondary risk will negatively impact residents ' health which is not acceptable.

B.  

Consult with health experts to provide a risk trigger before using pesticides that will impact the residents.

C.  

Assess and record associated secondary risks and proceed to treat them as any other risks.

D.  

Proceed with the project as normal since a minor number of residents will be effected negatively.

Discussion 0
Question # 18

A project manager has finished the project charter for a project and has now moved into the planning phase. In the first planning meeting, the project manager is trying to determine the risk tolerance and risk attitudes of the project ' s key stakeholders.

What is the first resource the project manager should reference?

Options:

A.  

Benefits management plan

B.  

Enterprise environmental factors (EEFs)

C.  

Project charter

D.  

Requirements management plan

Discussion 0
Question # 19

A stakeholder is asking a project team to hire an external vendor with more expertise and capacity to accelerate a delivery plan. The team has some concerns about this request. What should the risk manager do first?

Options:

A.  

Conduct a strengths weakness, opportunities, and threats (SWOT) analysis.

B.  

Create a contingency plan

C.  

Start a vendor assessment

D.  

Submit a change request

Discussion 0
Question # 20

A new project is about to start, and the risk manager wants to review some documents that could be relevant for risk identification. Which document will help the risk manager in this process?

Options:

A.  

Detailed work breakdown structure (WBS)

B.  

Lessons learned from previous projects

C.  

Baselines approved by the project team

D.  

Actual data from the current project

Discussion 0
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