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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 # 1

A project manager has finished the project charter for a project and has now moved into the planning phase. In the first planning meeting, the project manager is trying to determine the risk tolerance and risk attitudes of the project ' s key stakeholders.

What is the first resource the project manager should reference?

Options:

A.  

Benefits management plan

B.  

Enterprise environmental factors (EEFs)

C.  

Project charter

D.  

Requirements management plan

Discussion 0
Question # 2

In a highly dynamic project environment, the project manager is known to have project risks as a permanent agenda item in their periodic project progress meetings. How will this help improve the project ' s risk management activities? (Choose 3)

Options:

A.  

By helping to monitor variances and trends frequently throughout the project

B.  

By helping to determine the overall project risks

C.  

By helping the lessons learned from previous risks to be efficiently utilized

D.  

By helping to update the project scope statement document

E.  

By helping update the risk register and close out expired risks 

Discussion 0
Question # 3

A risk management professional is currently facilitating the risk planning process with the project team. To increase the breadth of considered risks, the team wants to include high-level and strategic project risks.

What should the risk management professional do next?

Options:

A.  

Perform a sensitivity analysis to the higher-level aggregate activities

B.  

Develop a risk breakdown structure (RBS) identifying the potential risk categories

C.  

Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis

D.  

Perform a base line Monte Carlo simul-ation to address overall threats to project objectives

Discussion 0
Question # 4

A software development project team was preparing for a phased release when an unknown and unexpected risk occurred with potential for delaying one of the features for the planned release. The project team decided to go ahead with the release and address this missing feature at a later date. One of the end users learned about this and strongly opposed the planned release.

What should the risk manager have done to prevent this situation?

Options:

A.  

Engaged the sponsor and informed them of the decision to remove the planned feature.

B.  

Engaged the stakeholders more in risk management activities and decisions to get their buy-in and support.

C.  

Performed proper risk identification at the project outset to ensure this risk was identified and mitigated.

D.  

Created a schedule buffer in the plan to deal with unknown risks if and when they occurred. 

Discussion 0
Question # 5

A supplier Is delayed in delivering fuel for a project. The project manager anticipated this risk and is requesting fuel from another supplier. When speaking with the other supplier, a new risk appears because fulfilling the order will cause delays with several other projects.

After performing a detailed analysis, what should the risk manager do?

Options:

A.  

Escalate the problem to the project sponsors.

B.  

Execute the approved risk response plan.

C.  

Negotiate with the supplier to resolve the problem.

D.  

Assign a team member to update the issue leg.

Discussion 0
Question # 6

A risk manager and project team are managing a software system project, which is expected to be completed within 12 months. The project is currently halfway through, and the team has just delivered the second version of the prototype. During the weekly status meeting, a team member reported that an important stakeholder is facing an issue, which will likely result in a change request that is outside the scope of the current prototype.

What should the risk manager advise the team to do first?

Options:

A.  

Mitigate the risk by asking the team member to gather more information.

B.  

Add the risk to the issue log and revisit it when there is more information.

C.  

Arrange a meeting with the stakeholder to discuss the risk and information.

D.  

Add the risk to the risk register and gather information about its probability and impact. 

Discussion 0
Question # 7

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 # 8

A project manager has determined that they cannot outsource work nor eliminate the scope. They also discover that they cannot buy insurance or mitigate the risk.

What should the project manager do?

Options:

A.  

Avoid the risk

B.  

Transfer the risk

C.  

Ignore the risk

D.  

Accept the risk

Discussion 0
Question # 9

After starting a new pipeline project, a risk manager schedules an initial meeting with the project sponsor. For the meeting, the project sponsor requests a presentation of the risks that have the most impact on achieving the project objectives.

What should the risk manager do to facilitate the sponsor ' s ask?

Options:

A.  

Monte Carlo analysis

B.  

Qualitative risk analysis

C.  

Sensitivity analysis

D.  

Quantitative risk analysis

Discussion 0
Question # 10

A project team is concerned about a risk which, if occurs, might add additional complexity to their work. The team will need help from an external vendor, but the contracting process is long.

What should the risk manager do in this case?

Options:

A.  

Document the risk in the risk register for analysis.

B.  

Document the detailed risk consequences,

C.  

Immediately start the contracting process.

D.  

Proceed with the quantitative risk analysis. 

Discussion 0
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