PMI Risk Management Professional - PMI-RMP Exam Practice Test
A company has implemented a policy requirement for employees to use complex passwords and update them regularly. A few employees are unable to make the changes, which increases the likelihood of cybercriminals compromising their passwords.
What should the risk manager do?
What should the risk manager do?
Correct Answer: C
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A new risk manager is assigned to a project already in execution. The manager discovers that the project team did not follow the existing risk management plan, and critical risks were not systematically identified or documented. The project has experienced delays and cost overruns from unaddressed risks, while stakeholders question whether the project can still meet its objectives. The team is under pressure to focus on immediate deliverables and has little time for strategic risk planning.
What should the risk manager do next to establish control over the risks?
What should the risk manager do next to establish control over the risks?
Correct Answer: C
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An external vendor needs to be contracted to provide additional capacity and expertise to a project team to reduce the probability of delays in a project. The contracts department is raising a concern about confidentiality risks not addressed in the proposed contract and missing from the risk register.
What should the risk manager do next?
What should the risk manager do next?
Correct Answer: D
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An organization is executing a business transformation project with stakeholders from multiple departments.
The risk manager regularly monitors and reports project risks. However, stakeholders apply different interpretations to risk levels such as "critical," "moderate," and "acceptable," resulting in an inconsistent understanding of risk severity and confusion.
What should the risk manager do?
The risk manager regularly monitors and reports project risks. However, stakeholders apply different interpretations to risk levels such as "critical," "moderate," and "acceptable," resulting in an inconsistent understanding of risk severity and confusion.
What should the risk manager do?
Correct Answer: B
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The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG). Construction of the previous project had to be shut down unexpectedly to wait for the late delivery of the GTG.
What should the project manager do first?
What should the project manager do first?
Correct Answer: C
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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?
What should have been done to prevent this situation?
Correct Answer: B
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Members of a project team are not taking their risk management responsibilities seriously. They do not consider risk management as primary to the project's success and do not believe that the benefits are significant.
What should the risk manager do?
What should the risk manager do?
Correct Answer: D
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A risk manager is collaborating with project stakeholders and the project team to identify risks in a construction project. The risk manager intends to use an approach that engages stakeholders based on information, such as scope baseline and project estimates, while also determining risk impacts based on this approach.
Which risk identification approach should the risk manager use to achieve this goal?
Which risk identification approach should the risk manager use to achieve this goal?
Correct Answer: B
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A new project is about to start, and the risk manager wants to review some documents that could be relevant for risk identification. Which document will help the risk manager in this process?
Correct Answer: C
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A major data center initiative involves performing a sensitivity analysis to determine the center ' s required amount of disaster recovery. Several key stakeholders are in disagreement about which level of disaster recovery is required. The lessons learned disaster recovery plans, and the difference for this data center is its geographical location and unique climate requirements. The database includes examples from previous similar initiatives, as well as the competitor ' s advertised plans.
What should the risk manager do to quantify the risk?
What should the risk manager do to quantify the risk?
Correct Answer: B
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A project is evaluating a new software to streamline the current purchase order process. The current process is labor-intensive and involves printing, ink signatures, scanning, and emailing. Several team members gathered cycle time data to gauge the current process and evaluate the new process.
What should the risk manager do next with the data set?
What should the risk manager do next with the data set?
Correct Answer: B
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During project development, a risk manager notices that a major update in the country ' s regulations might be happening in the upcoming months. These changes will affect the materials used in building some of the components of the final product. The project team is unsure if this risk will affect the project negatively or positively.
Which tool should the project team use to determine this?
Which tool should the project team use to determine this?
Correct Answer: C
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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?
Correct Answer: B
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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?
What should the risk manager do first?
Correct Answer: D
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