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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 : 278

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Question # 1

A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low.

What should the project risk manager monitor closely?

Options:

A.  

Risk thresholds

B.  

Risk response strategies

C.  

Risk management reports

D.  

Risk breakdown structure (RBS)

Discussion 0
Question # 2

The customer expresses concern about the increasing likelihood of delays from one of the subcontractors on the project. This risk was previously identified and planned for during the project planning phase. The project sponsor reassured the customer that this is a known risk and will be handled accordingly by the risk manager.

What should the risk manager do?

Options:

A.  

Call an emergency meeting.

B.  

Reinforce the customer relationship.

C.  

Implement the risk response plan.

D.  

Escalate risk to the owner.

Discussion 0
Question # 3

A new risk manager has been assigned to a delayed strategic project. The risk manager presented a new plan to get the project back on track using lessons learned and applying risk response strategies. Senior management wants to remove contingency reserves because they want to finish the project earlier.

What should the risk manager do in this scenario?

Options:

A.  

Review project schedule estimates.

B.  

Change the response strategies.

C.  

Reduce the contingency reserves.

D.  

Conduct a risk planning workshop.

Discussion 0
Question # 4

As part of standard procedure to monitor and control a project, a risk manager should constantly update the risk register. The risk register updates should include information on risk reassessment, risk audits, and periodic risk reviews.

What additional information should the risk manager prioritize in the risk register updates?

Options:

A.  

Actual outcomes and performance of risk management strategies

B.  

Actual outcomes of the project ' s risks and risk responses

C.  

Actual costs and schedule delays of risk events

D.  

Actual cost impact of risk events

Discussion 0
Question # 5

An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified candidate in their domain.

What should the risk management team leader do in the early stages of the project?

Options:

A.  

Conduct qualitative risk analysis to prioritize potential risks.

B.  

Plan a solid risk response plan and secure the necessary funding.

C.  

Educate stakeholders on best practices to perform risk management.

D.  

Benchmark to an organization which has executed a similar project,

Discussion 0
Question # 6

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 # 7

After the initial assessment of a new project, a project manager found that in order to complete the expected results, detailed and exhaustive planning will be required to ensure the product ' s characteristics and quality. What should the risk manager propose to the project manager what to do?

Options:

A.  

Use a predictive approach for the delivery.

B.  

Use a hybrid approach for the delivery.

C.  

Use an adaptive approach for the delivery.

D.  

Use an agile approach for the delivery. 

Discussion 0
Question # 8

In the middle of a project to improve internal workflows, the team realizes that some previously identified challenges, such as lack of stakeholder engagement, have diminished. However, the risk manager determines that concerns related to resource availability and regulatory compliance are becoming more significant.

Which measures should the risk manager implement?

Options:

A.  

Concentrate on monitoring only high-visibility risks to conserve resources.

B.  

Focus on tracking the risks identified at the project ' s start to maintain consistency.

C.  

Reassess risk priorities carefully and update the risk register on a regular basis.

D.  

Delegate all monitoring responsibilities entirely to individual team members for efficiency.

Discussion 0
Question # 9

A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment

What should the risk manager do?

Options:

A.  

Confirm the risk triggers are still valid.

B.  

Ask the architect to develop acceptance criteria.

C.  

Review the feature with the project team.

D.  

Escalate the issue to the project board.

Discussion 0
Question # 10

A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome.

Which type of analysis should the project manager use in this instance?

Options:

A.  

Check list analysis

B.  

Cause and effect

C.  

Specialized meeting

D.  

Quantitative analysis

Discussion 0
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