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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

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Total Questions : 333

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Question # 81

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 # 82

Project stakeholders can often be risk averse with little to no knowledge of the risk process. How should a risk manager increase stakeholder risk appetite?

Options:

A.  

Exclude risk averse stakeholders from future risk discussions

B.  

Explain risk handling and mitigation strategies

C.  

Increase the impact of all risks in the risk breakdown structure (RBS)

D.  

Develop a generous probabilistic cash flow model

Discussion 0
Question # 83

In reviewing the team ' s identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project ' s incentive payment for early completion.

In implementing this plan, which response should the risk manager use?

Options:

A.  

Exploit

B.  

Accept

C.  

Share

D.  

Enhance 

Discussion 0
Question # 84

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 # 85

The project risk manager on a large firm fixed priced (FFP) contract has an up-to-date risk register with accurate and detailed information. What should the project risk manager do next?

Options:

A.  

Recommend the removal of risks to the project manager to reduce project risk exposure.

B.  

Advise the client that the project has exhausted contingency.

C.  

Quantify the risk exposure that exceeds project contingency.

D.  

Generate reports to assess and communicate the project risk level.

Discussion 0
Question # 86

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
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