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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 # 61

An organization with a large computer network identified a potential cyber security threat. Although certain measures were implemented to avoid the risk, the cyber security threat occurs. The measures were partially successful and a new unforeseen risk emerges.

What should the risk owner do?

Options:

A.  

Develop an efficient network protection solution quickly to mitigate the risk.

B.  

Escalate the case to the risk manager and wait for their instructions.

C.  

Conduct an analysis to determine the root cause of the failed response.

D.  

Apply a work around to eliminate or mitigate the impact of the threat.

Discussion 0
Question # 62

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 # 63

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
Question # 64

Stakeholder holiday schedules and availability of raw materials were two risks initially identified in a manufacturing project. The risk manager now notices that both risks are not quite as originally described and might require a plan change.

What should the risk manager do next?

Options:

A.  

Consult with the project manager to agree that these risks should be removed from the risk register

B.  

Keep the risks in the risk register and continue to follow up until the change actually takes place.

C.  

Identify workarounds that can be implemented whether or not the change takes place.

D.  

Revisit the project the assumptions and constraints to potentially update the risk impact and response. 

Discussion 0
Question # 65

The risk manager is facilitating risk planning activities with the team. The team is documenting all the check points along the way that might indicate delays on critical deliverables.

What is this an example of?

Options:

A.  

Risk responses

B.  

Risk triggers

C.  

Risk registers

D.  

Risk categories

Discussion 0
Question # 66

An organization is embarking on a multi-million-dollar project with numerous identified risks. What should the project risk team do to navigate the risks on this project?

Options:

A.  

Go for a low-risk threshold of ±5% around a cost objective.

B.  

Confirm stakeholders risk thresholds based on risk appetites.

C.  

Conduct risk identification to populate the risk register.

D.  

Go for a high-risk threshold of ±10% around a cost objective. 

Discussion 0
Question # 67

A key project is delayed and all contingency reserves have been used even though the project team has implemented all planned risk responses. What should the risk manager do next?

Options:

A.  

Create a new project plan including the new risks.

B.  

Review the effectiveness of the risk process.

C.  

Update the risk management plan.

D.  

Escalate the project risks to upper management. 

Discussion 0
Question # 68

The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit margin.

The project manager would like the risk manager to take full advantage of opportunities.

Which response should the risk manager take?

Options:

A.  

Mitigate

B.  

Accept

C.  

Transfer

D.  

Exploit

Discussion 0
Question # 69

A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?

Options:

A.  

Updated probability and impact matrix

B.  

Updated risk register

C.  

Updated mitigation plans

D.  

Updated project schedule 

Discussion 0
Question # 70

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
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