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PMI-RMP Practice Questions

PMI Risk Management Professional (PMI-RMP) Exam

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Total Questions : 284

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Question # 21

The risk manager for a large-scale software development project with a tight deadline and multiple stakeholders highlights concerns about potential delays, communication gaps, and vendor reliability. During the early stages of the project, the project sponsor requests that the risk manager identify and address any potential risks that could disrupt project delivery.

What should the risk manager do?

Options:

A.  

Create a list of potential issues.

B.  

Consult the project management plan.

C.  

Conduct risk management exercises.

D.  

Perform qualitative risk analysis.

Discussion 0
Question # 22

The project manager performed ' a variance analysis on the project during the execution phase. The variances were shown as increasing

What does this result imply?

Options:

A.  

The uncertainty and risk are increasing.

B.  

The project schedule is lagging behind.

C.  

There is no potential for future deviation.

D.  

The project is over budget.

Discussion 0
Question # 23

During the early planning stages of an AI-based software development project, the project team begins outlining the risk management activities. The risk manager notices that key stakeholders, such as data scientists, product owners, and external data vendors, lack a shared understanding of risk management principles.

What should the risk manager do to educate stakeholders?

Options:

A.  

Conduct risk workshops tailored to all stakeholders.

B.  

Invite all stakeholders to daily coordination meetings.

C.  

Distribute risk-policy documents to all stakeholders.

D.  

Provide project management training to all stakeholders.

Discussion 0
Question # 24

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 # 25

During a project ' s initial planning session, the project team identifies a possible risk. The team is under the impression that a critical vendor might delay delivery. This could impact both the project schedule and budget. The team shares insights on the risk ' s likelihood and impact with the risk manager.

What should the risk manager do?

Options:

A.  

Assume the vendor will deliver on time and focus only on internal risks.

B.  

Allocate contingency funds without first evaluating the risk ' s probability and impact.

C.  

Wait indefinitely for the vendor ' s update before analyzing the risk.

D.  

Assess the risk using a probability-impact matrix and prioritize it based on its score.

Discussion 0
Question # 26

A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project ' s risk register to try to maximize their chances of occurrence.

What should the project team do next?

Options:

A.  

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

B.  

Log the threats in the risk register to try to minimize the probability of occurrence.

C.  

Log the threats in the risk register to try to maximize the probability of occurrence.

D.  

Update the project management plan to ensure the results of the opportunities are captured.

Discussion 0
Question # 27

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?

Options:

A.  

Study the change logs to implement the approved change requests.

B.  

Close out the expired risk and update the relevant project documents.

C.  

Get permission from stakeholders before documenting lessons learned.

D.  

Continue monitoring the critical response plan on the delivered product.

Discussion 0
Question # 28

In the middle of a project to improve internal workflows, the team realizes that some previously identified challenges, such as lack of stakeholder engagement, have diminished. However, the risk manager determines that concerns related to resource availability and regulatory compliance are becoming more significant.

Which measures should the risk manager implement?

Options:

A.  

Concentrate on monitoring only high-visibility risks to conserve resources.

B.  

Focus on tracking the risks identified at the project ' s start to maintain consistency.

C.  

Reassess risk priorities carefully and update the risk register on a regular basis.

D.  

Delegate all monitoring responsibilities entirely to individual team members for efficiency.

Discussion 0
Question # 29

 

A new company initiates a project to incorporate a cybersecurity team. Which three documents should the risk manager analyze first? (Choose 3)

Options:

A.  

Industry ' s standard procedures

B.  

Current request for proposal (RFP)

C.  

Company ' s historical financial reports

D.  

IT infrastructure, networks, and data information

E.  

Government laws and regulations 

Discussion 0
Question # 30

A complex infrastructure construction project consisting of various stakeholders with diverse attitudes and opinions is in the execution phase. The project sponsor instructed the risk manager to evaluate the project environment and identify potential risks because many conflicts have arisen.

What should the risk manager do first?

Options:

A.  

Perform an assumptions and constraints analysis.

B.  

Use the Wideband Delphi method.

C.  

Use the brainstorming technique.

D.  

Perform a strength, weaknesses, opportunities, and threats (SWOT) analysis. 

Discussion 0
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