Top Tips Of Latest PMI-RMP Practice Question

NEW QUESTION 1
Harry works as a project manager for BlueWell Inc. He is determining how to conduct the risk management activities for a project. According to the PMBOK, there are six inputs to the plan risk management process. Which one of the following is NOT an input to this process?

• A. Project scope statement
• B. Risk management plan
• C. Schedule management plan
• D. Cost management plan

Answer: B

NEW QUESTION 2
You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review of each identified risk event?

• A. A risk probability-impact matrix
• B. Quantitative risk analysis
• C. Seven risk responses
• D. Qualitative risk analysis

Answer: D

NEW QUESTION 3
Consider the risk probability-impact matrix in the figure given below:
If Risk B happens in this project, how much will be left in the contingency reserve?

• A. $193,500
• B. -$334,500
• C. It depends on the total budget of the project.
• D. $148,300

Answer: A

NEW QUESTION 4
You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of $85,000. Management and you discuss possible solutions to address the risk. You share with them that for $75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule. Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan. What type of risk response is used?

• A. Avoidance
• B. Acceptance
• C. Exploit
• D. Mitigation

Answer: D

NEW QUESTION 5
Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save $75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

• A. Share
• B. Mitigation
• C. Exploit
• D. Enhance

Answer: C

NEW QUESTION 6
You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?

• A. Four
• B. One
• C. Three
• D. Seven

Answer: A

NEW QUESTION 7
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

• A. Risk audits
• B. Stakeholder analysis as the project team is a stakeholder
• C. Risk identification with the project team
• D. Risk analysis

Answer: A

NEW QUESTION 8
When does the Identify Risks process take place in a project?

• A. At the Planning stage.
• B. Throughout the project life-cycle.
• C. At the Initiating stage.
• D. At the Executing stage.

Answer: B

NEW QUESTION 9
During which of the following processes, probability and impact matrix is prepared?

• A. Perform Qualitative Risk Analysis
• B. Monitoring and Control Risks
• C. Plan Risk Responses
• D. Perform Quantitative Risk Analysis

Answer: A

NEW QUESTION 10
You are the project manager of the NGH project for your organization. You want to create a causeand- effect diagram to help discover the root causes of the risks within the project. Harold, the CIO, recommends that you create an Ishikawa diagram instead. What is an Ishikawa diagram?

• A. It is a graphical representation of situations showing causal influences.
• B. It is the same thing as a root cause diagram.
• C. It shows how various elements of a system interrelate.
• D. It diagrams the risks according to the work breakdown structure including resources.

Answer: B

NEW QUESTION 11
As a part of monitoring and controlling the project, the project manager should update the risk register. The project manager should update the risk register with information on risk reassessment, risk audits, and periodic risk reviews. What other information should the project manager update the risk register with?

• A. Actual costs and schedule delays of risk events.
• B. Actual outcomes of risk management duties by the project team.
• C. Actual cost of risk events.
• D. Actual outcomes of the project's risks and of the risk responses.

Answer: D

NEW QUESTION 12
Fred is the project manager of the CPS project. He is working with his project team to prioritize the identified risks within the CPS project. He and the team are prioritizing risks for further analysis or action by assessing and combining the risks probability of occurrence and impact. What process is Fred completing?

• A. Risk identification
• B. Perform qualitative analysis
• C. Perform quantitative analysis
• D. Risk Breakdown Structure creation

Answer: B

NEW QUESTION 13
Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

• A. Risk register
• B. Risk low-level watch list
• C. Project scope statement
• D. Project charter

Answer: A

NEW QUESTION 14
John works as a project manager for ABD project. He and his team, are working on the following activities:
Relative ranking or priority list of project risks Watchlists of low priority risk
Trends in Qualitative Risk Analysis results
On which of the following processes is John working on?

• A. Perform Qualitative Risk Analysis
• B. Plan Risk Management
• C. Plan Risk Responses
• D. Perform Quantitative Risk Analysis

Answer: A

NEW QUESTION 15
You work as a project manager for BlueWell Inc. You want to create a visual diagram, which can depict the resources that will be used within the project. Which of the following diagrams will you create to accomplish the task?

• A. Roles and responsibility matrix
• B. Work breakdown structure
• C. Resource breakdown structure
• D. RACI chart

Answer: C

NEW QUESTION 16
The Identify Risk process determines the risks that affect the project and document their characteristics. Why should the project team members be involved in the Identify Risk process?

• A. They are the individuals that will need a sense of ownership and responsibility for the risk events.
• B. They are the individuals that will have the best responses for identified risks events within the project.
• C. They are the individuals that are most affected by the risk events.
• D. They are the individuals that will most likely cause and respond to the risk events.

Answer: A

NEW QUESTION 17
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