PMI-RMP by PMI Actual Free Exam Questions And Answers

Question 1

A risk manager of a major project facilitates a meeting to develop the risk management plan. What two factors does the risk manager need to consider to ensure an effective risk management plan is developed?
(Choose two.)

A. Obtaining stakeholder acceptance

B. Applying modern risk management techniques.

C. Minimizing implementation costs.

D. Aligning to project constraints and priorities.

E. Ensuring risk response strategies mitigate all risks.

Discussion 0

Correct Answer: A,D Vote an answer

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Question 2

A project manager has been assigned to a project that is just starting. The organization has a very low risk appetite towards this project due to constraints on budget and schedule. The project stakeholders are very engaged on the project and want to ensure that there is clear visibility on the project risks and progress.
How should the project manager handle stakeholder expectations?

A. Add buffers to the schedule to accommodate risk.

B. Develop a communication plan to share updates on risks.

C. Ensure the risk register includes all identified risks.

D. Discuss the risk response strategies with the stakeholders.

Discussion 0

Correct Answer: B Vote an answer

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Question 3

During project execution for a software development program, a risk manager notices the results vary from the stated expectations in the planning phase. The project team states that there was unrealistic planning.
What should the risk manager do next to understand the differences between planning and execution?

A. Review the assumptions to understand any change.

B. Move forward with the lessons learned from the sprint.

C. Prepare a management of change (MOC) to adjust the project cost and duration.

D. Engage with the team to present the actual results to the sponsor.

Discussion 0

Correct Answer: A Vote an answer

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Question 4

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?

A. Call an emergency meeting.

B. Implement the risk response plan.

C. Escalate risk to the owner.

D. Reinforce the customer relationship.

Discussion 0

Correct Answer: B Vote an answer

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Question 5

The risk manager notices that in their workshops, most of the risks identified are threats. What should the risk manager do to increase the number of opportunities identified?

A. Interview more stakeholders who have a positive mindset

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

C. Use the Delphi technique involving experts who have identified opportunities in the past

D. Conduct a political, economic, sociological, technological, legal, and environmental (PESTLE) analysis

Discussion 0

Correct Answer: B Vote an answer

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Question 6

A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.
What process is this part of?

A. Plan Risk Management

B. Perform Qualitative Risk Analysis

C. Monitor and Control Risk

D. Perform Quantitative Risk Analysis

Discussion 0

Correct Answer: B Vote an answer

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Question 7

in a complex and critical project, a sponsor asks the risk manager to determine where the project ' s concentration of risks is greatest by performing a quantitative risk analysis. There are no organizational process assets (OPAs)s about the risk categories.
Which tool could the risk manager use to discover the project risk categories?

A. Affinity diagram

B. Mind mapping

C. Work breakdown structure (WBS)

D. Monte Carlo simul-ation

Discussion 0

Correct Answer: C Vote an answer

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Question 8

A risk manager for a new product development project has worked diligently with stakeholders and the project team to identify and document risks. These project risks vary widely in probability and impact.
Which three actions should the risk manager take to inform the identification of resource requirements for individual risk responses? (Choose 3).

A. Use the risk breakdown structure (RBS) to calculate the total cost of mitigating all risks and ensure project reserves are adequate to cover this amount.

B. Focus attention and resources on identified risks with the highest potential to impact the project.

C. Calculate the expected monetary value (EMV) of each risk and use these outputs to inform and defend project reserves.

D. Conduct a Monte Carlo simul-ation to understand the probabilities of various risk outcomes.

E. Work with the project team to conduct a decision tree analysis for each risk or set of related risks.

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question 9

A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.
What type of risk is being referred to here?

A. Major risk

B. Secondary risk

C. Environment risk

D. Residual risk

Discussion 0

Correct Answer: D Vote an answer

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Question 10

A project is In the initiation phase. The project stakeholders are Invited to a meeting to share their thoughts that may impact the project In a positive or negative way.
What will be the main output of this meeting?

A. Identifying threats and opportunities

B. Performing a qualitative analysis

C. Evaluating the project ' s probability of success

D. Evaluating the project ' s impact

Discussion 0

Correct Answer: A Vote an answer

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Question 11

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?

A. Escalate the issue to the project board.

B. Confirm the risk triggers are still valid.

C. Ask the architect to develop acceptance criteria.

D. Review the feature with the project team.

Discussion 0

Correct Answer: D Vote an answer

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