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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

Last Update 3 days ago
Total Questions : 333

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Question # 31

A risk manager of a complex project has identified a risk and believes a deeper understanding of the source and likelihood is necessary. How should the risk manager proceed?

Options:

A.  

Develop and employ an Ishikawa diagram

B.  

Analyze the assumptions and constraints

C.  

Perform a review of project documents

D.  

Create prompt lists for expert interviews

Discussion 0
Question # 32

During the design phase the project team is exploring various architecture options. After reviewing the results of design pilot, two conflicting infrastructure pieces were identified.

What action should the project manager take?

Options:

A.  

Reassess the design for the two pieces.

B.  

Escalate the situation and request approval to move forward.

C.  

Confirm the results through a second pilot.

D.  

Update the assumptions log and assess the risk associated with it.

Discussion 0
Question # 33

A project manager is trying to realize benefits from new material on an adaptive project. This is the first time the project team is using the material so the team does not have information to identify and analyze risks. A team member informs the project manager that a local university has recently published a research journal on the same material.

Where should the project manager find this information?

Options:

A.  

Industrial studies

B.  

Commercial risk databases

C.  

Organizational process assets (OPAs)

D.  

Enterprise environmental factors (EEFs)

Discussion 0
Question # 34

During a project ' s planning phase, the project team identifies a potential supplier delay and marks it as a significant risk. A risk manager is tasked with effectively monitoring this risk.

What should the risk manager document as the risk trigger?

Options:

A.  

The probability and impact rating of the supplier ' s delay on the project

B.  

The response strategy, such as increasing inventory or finding an alternative supplier

C.  

The specific event or condition, such as the supplier missing a delivery deadline

D.  

The threshold for acceptable delay, such as a maximum of three days before impacting project milestones

Discussion 0
Question # 35

A key hardware component failed during a large software implementation project, with significant organizational impact. The risk owner was on vacation and no one responded to this incident, thereby causing project delays.

What should have been done to prevent this situation?

Options:

A.  

The project manager should have requested and mandated that no vacations be taken during critical implementation activities or until all implementation had been completed for the project.

B.  

The risk manager should have anticipated this situation and planned for schedule buffers in the project schedule to accommodate the likelihood of failed hardware.

C.  

The risk owner should have communicated with the project manager so that a designated stakeholder could have been assigned to accept accountability for implementing risk responses.

D.  

The risk manager should have taken the responsibility of responding to this risk instead of relying on and waiting for the risk owner to return from vacation.

Discussion 0
Question # 36

During a risk identification process in a construction project, the lack of space to install air conditioners is raised as a risk with high impact. Which is an example of an early risk trigger?

Options:

A.  

A potential need to share the space with other machinery

B.  

A different type of equipment received before installation

C.  

A time delay during air conditioning installation activities

D.  

A quality nonconformance issue raised during the inspection

Discussion 0
Question # 37

At an oil and gas company, a major unified management information system is to be implemented. The project manager noted that risks gathered from the organization ' s business functions are not properly identified and categorized, making it difficult to develop an effective risk response.

How should the project manager handle this situation?

Options:

A.  

Outsource conducting the risk response plan to risk consultants.

B.  

Ask functional managers to improve their risk register and process.

C.  

Adjust the risk response plans to effectively handle the identified risks.

D.  

Coach the functional groups on how to properly conduct the process.

Discussion 0
Question # 38

During a risk identification session, the risk manager notices that subject matter experts (SMEs) are reluctant to participate because some risks could expose the poor maturity of processes in other business units. Which risk analysis technique should the risk manager use?

Options:

A.  

Strengths, weakness, opportunities, and threats (SWOT) analysis

B.  

Delphi technique

C.  

Decision tree analysis

D.  

Probability impact matrix

Discussion 0
Question # 39

A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager ' s department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase.

What should the risk manager of the related project have done to prevent this situation from happening?

Options:

A.  

Reformed the risk monitoring and closing process properly.

B.  

Created the project work plan and budget more accurately.

C.  

Educated the project team on budget change requests.

D.  

Communicated better with the organization ' s CEO.

Discussion 0
Question # 40

The sponsor of a construction project is upset about the results of the risk management team. The sponsor believes the team did not properly identify the risks that could affect the project. The team did manage the risks; however, some of the risk response strategies created secondary risks.

What should the risk management team have done to manage this situation?

Options:

A.  

Ensured to include the stakeholders in the team discussions

B.  

Encouraged involvement of the project team during the review meetings

C.  

Enhanced communication with the sponsor regarding secondary risk impact

D.  

Ensured the sponsor got more involved with the project risk planning

Discussion 0
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