PMI-RMP Practice Questions
PMI Risk Management Professional (PMI-RMP) Exam
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Total Questions : 333
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After completing the sprint on an agile project, a team updates the risk burndown chart and notices that risk exposure has increased to levels that could negatively affect project completion. What should the risk manager do to return the project ' s risk exposure to an acceptable level?
As per the risk analysis process carried out for a project, two risks are registered. The probability risk A will occur is 40% and its monetary impact to the project is US$100,000. The probability risk B will occur is 60% and its monetary impact to the project is US$20,000.
What is the total contingency budget that should be created?
A company has been awarded a large government contract to develop a new transportation system. There is uncertainty surrounding the project ' s timeline. The project team is struggling to finalize the project ' s budget due to unclear estimates from vendors. An updated vendor price list detailing the costs of available technologies is an essential component in determining the project ' s final cost. The project team will not be able to finalize the project ' s timeline until the budget is finalized.
What should the risk manager do?
A project team successfully implemented a risk response plan for a major risk event. Residual risks were evaluated and actions were taken to keep them under control. There were no secondary risks after the implementation.
What should the risk manager do?
A newly appointed risk manager for a critical project is working with a project team to develop a risk management strategy. One team member suggested creating an influence diagram to help analyze the options, risks, outcomes, and their relationships. Another team member feels the influence diagram is not enough because this project is important and complex.
Which approach should the risk manager take to improve the quality of the project risk analysis?
A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives. Why should the risk management professional use this approach?
While performing risk identification exercises, the risk manager often encounters biases from the project team. How can the risk manager accurately identify what will trigger a risk?
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 new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the
client ' s vendor, which apparently has been causing all of the issues.
What should the risk manager do first?
Members of a project team are not taking their risk management responsibilities seriously. They do not consider risk management as primary to the project’s success and do not believe that the benefits are significant.
What should the risk manager do?
