PMI-RMP practice test

1. Question 1 · 1

   What are common examples used to communicate risk probability and impact?

   Choose one answer.

   • Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis
   • Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation
   • Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix
   • Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

2. Question 2 · 1

   In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to the project cancellation. How should the probability and impact be characterized for this risk?

   Choose one answer.

   • Low probability/low impact
   • High probability/low impact
   • Low probability/high impact
   • High probability high impact

3. Question 3 · 1

   The project manager has asked for the P50 estimate for the project schedule. What is the P50 estimate?

   Choose one answer.

   

   • 75 days
   • 73.5 days
   • 73 days
   • 72.5 days

4. Question 4 · 1

   A project risk manager is concerned about the low performance of risk management on a mission-critical project. After assessing the situation, the risk manager finds that the communication style may be the main contributor. What could the project risk manager do to adjust the approach to influence team members to improve performance?

   Choose one answer.

   • Use follow-up emails, adopt an open door policy, and ask for feedback.
   • Seek hidden agendas, vent frustrations, and allow others to vent frustrations.
   • Provide continuous support, counseling, build trust, and open communications.
   • Conduct one-on-one meetings, more frequent follow-up meetings, and implement the management by walking around technique.

5. Question 5 · 1

   A project's risk manager successfully implements the risk management plan and the risk register. Furthermore, the risk analysis and the risk response planning are finalized. All results have been documented, and the project management plan and other project documents have been updated accordingly. What should the risk manager do next?

   Choose one answer.

   • Perform a lessons learned document update with the defined risks.
   • Perform regular reserve analysis to ensure that the assigned risk reserve budgets are sufficient.
   • Perform risk date quality assessments.
   • Perform continuous risk re-evaluation throughout the project life cycle to ensure risk management effectiveness.

6. Question 6 · 1

   Very low = 1, Low = 2, Moderate = 3, High = 4, Very High = 5 A project manager must complete a report for a stakeholder who is concerned about the possibility of a funding shortfall. What is the most effective way to explain the risk to this stakeholder?

   Choose one answer.

   

   • The funding shortage is the lowest ranked/scored risk.
   • The funding shortage is a significant risk.
   • The funding shortage will have a very high impact on the project and is the highest priority.
   • The funding shortage has a very low probability of occurring and is not a concern for the project.

7. Question 7 · 1

   Which of the following success factors will enhance the Perform Qualitative Risk Analysis process as the risk occurrence gets closer?

   Choose one answer.

   • Agreed-upon definition
   • Iterative analysis
   • High quality information
   • Agreed-upon approach

8. Question 8 · 1

   A project team member identifies, but does not document, a risk early in the project, because it is considered to be trivial. This risk occurs later and negatively impacts the project. What could the project manager do to avoid this situation?

   Choose one answer.

   • Conduct team meetings early in the project to ensure team member are familiar with risk identification requirements.
   • Communicate the punishment and rewards policy to the project team during the project kick-off meeting.
   • Provide project team members with access to simulation tools and decision tree diagrams.
   • Provide team members with a risk management prompt list early in the project to ensure risks are not missed.

9. Question 9 · 1

   A project in the execution phase at the customer's site has an issue concerning new parts that do not fit properly into a machine. The site project manager cannot find this high probability risk in the risk register. What action should the site project manager take?

   Choose one answer.

   • Variance analysis
   • Workaround
   • Risk assessment
   • Risk audit

10. Question 10 · 1

    Which of the following represents the best description of the role of project manager for project risk management?

    Choose one answer.

    • Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management, assessing the impact of proposed scope changes
    • Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the project management plan, participating in all aspects of the project risk management process
    • Approving the risk management plan, participating in all aspects of the project risk management process, auditing the risk management processes in the project
    • Determining the acceptable levels of risk for the project in consultation with stakeholders, approving the risk management plan, participating in all aspects of the project risk management process

11. Question 11 · 1

    A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for the risk?

    Choose one answer.

    • Contingency
    • Management
    • Budget
    • Residual

12. Question 12 · 1

    For the last several months, a project manager for a global technology program is focused on improving the project outsourcing process and analyzing the vendor supply chain as key pieces of the cost containment strategy. Early in the project, these two areas were identified as key risks to the final delivery of the project. Since that initial risk identification, the risk manager works to identify additional risks, as well as analyze the potential impact to the project cost baseline. After performing a cost-risk sensitivity analysis, the risk manager produces this chart. Based on this analysis, which two risk areas should the project manager focus on to control project cost?

    Choose one answer.

    

    • Vendor supply chain disruption and final system test
    • Vendor supply chain disruption and software design changes
    • Outsourcing negotiations and vendor supply chain disruption
    • Labor rate increases and management reviews

13. Question 13 · 1

    A risk manager is assigned to a short-term telecommunications upgrade project. This project is not technically complex, but has rigorous implementation timelines, and very little cost reserve available to address potential problems. The project manager indicates that completing the project on time is critical, but should not be done at the expense of performance. Which aspect of risk impact is most important when designing the risk impact scale?

    Choose one answer.

    • Technical performance
    • Cost
    • Technical requirements
    • Schedule

14. Question 14 · 1

    A risk manager works with the project team, senior management team, subject matter experts and other stakeholders to identify the project risks. Which of the following tools/methods from the risk management plan can be used to identify a risk, which is based on project objectives by category?

    Choose one answer.

    • Affinity diagram
    • Risk breakdown structure
    • Decision tree method
    • Work breakdown structure

15. Question 15 · 1

    As a result of the Control Risk process, the project manager updates the project risk documents using outcomes from which of the following?

    Choose one answer.

    • Risk reserve analysis and risk thresholds
    • Risk response strategies and risk analysis
    • Risk reviews and risk register analysis
    • Risk assessments and risk audits

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