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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 : 284

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Question # 71

While executing an oil extraction project in an environmentally sensitive area, weather is the main cause of delay in the project work. The risk manager was aware that the delays caused by the weather could not be avoided or mitigated.

What should the risk manager do to manage this risk?

Options:

A.  

Perform time recovery actions.

B.  

Execute the prevention plans.

C.  

Execute the contingency plans.

D.  

Perform change management.

Discussion 0
Question # 72

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 # 73

A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan.

What is the expected outcome of developing the risk management plan?

Options:

A.  

Being able to monitor and control risks throughout the project.

B.  

Defining how risk management will be executed throughout the project.

C.  

Documenting the communication strategy for risks throughout the project.

D.  

Having the ability to identify risks throughout the project.

Discussion 0
Question # 74

An agile project manager has noticed their team ' s declining morale, mistrust, and isolation over the last 6 months of working on a project. What should the agile project manager do to enhance productivity and create a cohesive team culture?

Options:

A.  

Introduce performance standards and evaluation methods.

B.  

Clarify project goals and project contract constraints.

C.  

Promote cross-training and mentoring among team members.

D.  

Develop a reward system related to position and years of experience.

Discussion 0
Question # 75

A project team has completed plan risk response activities and has identified three critical risk response plans to major risk events. The responses have been monitored and implemented, with one of the responses presenting the two secondary risks.

What should the risk manager do next?

Options:

A.  

Assess the risk register to ensure the secondary risks are realistic.

B.  

Assess the impact of residual and secondary risks on project objectives.

C.  

Assess the change log to establish that changes were implemented.

D.  

Assess the stakeholder register to determine the impact of initial risks. 

Discussion 0
Question # 76

In a large industrial business, an on-going system development project faces a previously identified risk. The risk is adequately managed by the risk manager, however there is still residual risk.

What should the risk manager do?

Options:

A.  

Update the risk register accordingly and review it in regular project meetings.

B.  

Accept the risk because residual risks are often low.

C.  

Ask a subject matter expert (SME) to assess the residual risk and take action.

D.  

Assign a risk owner and set it as high priority and high impact.

Discussion 0
Question # 77

A project team has just initiated a large project to move an organization ' s headquarters to another location. The risk manager has scheduled a risk identification session but notices that the project charter, work breakdown structure (WBS). and scope statement are not available.

What should the risk manager consider?

Options:

A.  

Aligning with the project manager to hold an open brainstorm session with all stakeholders will suffice.

B.  

The ideal solution is to find alternate documents that provide good visibility on the environment.

C.  

The risk identification process can be carried out as long as the project statement is available.

D.  

Risk evaluation will be challenging without these elements as a frame of reference.

Discussion 0
Question # 78

A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning.

What should the risk manager complete first?

Options:

A.  

The risk categorization

B.  

The risk simul-ation

C.  

The full risk description

D.  

The risk response plan

Discussion 0
Question # 79

A financial services company has implemented a risk response plan to mitigate potential cybersecurity threats. The project team has conducted a series of tests to ensure the new security measures are effective. However, some executives have expressed concerns about the impact of these measures on daily operations.

What should the risk manager do?

Options:

A.  

Facilitate a risk identification session on security measures with the company executives.

B.  

Organize a stakeholder workshop to discuss the effectiveness of the new security measures.

C.  

Implement additional security measures to address the concerns expressed by the executives.

D.  

Acknowledge the concerns and focus on monitoring the effectiveness of the new security measures.

Discussion 0
Question # 80

Three months into a program, multiple workstreams are showing issues. At this point, the program manager requires that a risk impact assessment be conducted.

What will help calculate the impact?

Options:

A.  

Risk analysis

B.  

Risk identification

C.  

Risk treatment

D.  

Risk evaluation

Discussion 0
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