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PMI-RMP Practice Questions

PMI Risk Management Professional (PMI-RMP) Exam

Last Update 2 days ago
Total Questions : 278

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Question # 71

While planning for project execution phase stakeholders are making decisions on how to respond to known and new risks. What artifact should the stakeholders prepare?

Options:

A.  

Issue log

B.  

Change log

C.  

Assumption log

D.  

Risk-adjusted back log

Discussion 0
Question # 72

A project team is presenting a delivery plan to a client. Some of the client ' s experts do not feel comfortable with some activities at a critical stage. The experts ask to change the plan and present a better alternative.

What should the risk manager do first?

Options:

A.  

Review and update the project quality management plan.

B.  

Conduct a risk assessment process for the critical stage.

C.  

Create a more detailed work breakdown structure (WBS).

D.  

Add additional time to the delivery plan to cover issues.  

Discussion 0
Question # 73

A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described. What is critical for the risk manager to consider when describing the causes?

Options:

A.  

Each cause has a degree of uncertainty

B.  

Each cause has well defined owner

C.  

The causes represent actual conditions

D.  

The causes must be validated by the risk owner

Discussion 0
Question # 74

A project team has completed the risk identification steps in a project and compiled a list of 25 risks. The team wants to create response plans for all the risks to avoid any future issues, but the resources and constraints limit the options.

What should the risk manager do?

Options:

A.  

Perform a sensitivity analysis.

B.  

Perform a qualitative risk analysis.

C.  

Perform a constraint analysis.

D.  

Perform a root-cause analysis. 

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

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?

Options:

A.  

Update the definition of done (DoD) to improve risk management.

B.  

Review the acceptance criteria for upcoming stories.

C.  

Prioritize risk mitigation stories for the next sprint.

D.  

Check stories in the product backlog to identify risks.

Discussion 0
Question # 77

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 # 78

A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated based on the organization ' s risk thresholds. The secondary risk is subsequently registered. During project execution, the primary risk occurs, the planned action is taken, and the secondary risk emerges

What two actions should the risk owner take? (Choose two.)

Options:

A.  

Implement the secondary risk response and update the project documents.

B.  

Conduct meeting with all stakeholder to agree on post impact solutions.

C.  

Set the corresponding trigger conditions to the secondary risk.

D.  

Engage the project manager to authorize the secondary risk ' s response.

E.  

Update and communicate assessments of the secondary risk ' s impact.

Discussion 0
Question # 79

A Scrum team has recently lost its product owner to another team. A new product owner has been hired for the Scrum team. This product owner is currently new to the project, unfamiliar with the team ' s practices, and does not have a full grasp of the product users. After a few sprints, the product owner is receiving constructive feedback from both internal and external stakeholders related to the direction of the product and its current challenges.

What can the product owner do to improve the product ' s perception among stakeholders and ensure the team understands the product vision? (Choose 2)

Options:

A.  

Re-assess the product goal, place it on the product backlog, and explain it to the team.

B.  

Invite more stakeholders to the daily scrum meetings to voice their opinion of the product.

C.  

Create sprint goals and communicate them at the sprint planning event.

D.  

Invite product teams to more frequent reviews to observe the team ' s work and encourage feedback.

E.  

Invite stakeholders to the sprint retrospective to brainstorm with the team improvements.

Discussion 0
Question # 80

A financial service firm adheres to heavily regulated compliance legislation. During the firm ' s latest project, the Chief Financial Officer (CFO) and the Chief Information Officer (CIO) endorsed a risk-based approach. This approach ensured compliance with the legislative requirements for properly storing confidential employee salary information. The risk manager recorded this information in the project ' s risk management plan.

What is the organization ' s risk maturity level?

Options:

A.  

No maturity

B.  

Low maturity

C.  

Medium maturity

D.  

High maturity

Discussion 0
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