PMI-RMP Exam Practice Test Instant Access

Question 1

A key project is delayed and all contingency reserves have been used even though the project team has implemented all planned risk responses. What should the risk manager do next?

ACreate a new project plan including the new risks.

BReview the effectiveness of the risk process.

CUpdate the risk management plan.

DEscalate the project risks to upper management.

Answer : D

Question 2

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?

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

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

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

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

Answer : D

Question 3

As a project approached completion, a risk manager conducted a risk response audit and verified the effectiveness of risk responses. What should the risk manager do next?

AClose and communicate the results of the risk response actions.

BRun a workshop to analyze the effectiveness of the risk plan.

CConduct a risk reserve analysis and document the results.

DVerify that all risk response actions have been documented.

Answer : A

Question 4

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?

ADocument the risk in the risk register for analysis.

BDocument the detailed risk consequences,

CImmediately start the contracting process.

DProceed with the quantitative risk analysis.

Answer : A

Question 5

A project team has completed the risk response plan for a newly identified major project risk. Some team members argue the plan does not totally eliminate the risk, considering the effort required to implement it, and feel the planned response should be thrown out altogether.

What should the risk manager do in this situation?

AAccept the response because there are no secondary risks were identified.

BThe response plan should be discontinued and the risk should be accepted and dealt with if it occurs.

CAccept the residual risk as it is compatible with the organization's risk appetite.

DAll identified risks must be addressed because they might significantly impact the project if they occur.

Answer : C

Question 6

While developing a risk management plan for a complex program in a metricized environment, a program management team is itemizing a response plan for each identified risk that appears in the risk register. What should the risk manager do to effectively monitor the risks?

APresent the complicated nature of the program risk responses to the sponsor for proper advice.

BDetermine the workarounds for the program risks and allocate responsibilities to the team.

CAllow the most experienced program manager to handle the most critical program risks.

DEncourage the program team to assume risk ownership prior to delegation.

Answer : D

Question 7

There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to get this conflict resolved.

What should the risk manager do to resolve this recurring situation?

AReview the stakeholders' risk appetite.

BRevisit the risk thresholds and triggers.

CUpdate the risk response strategies.

DProvide coaching to the risk action owners.

Answer : B

PMI-RMP PMI Risk Management Professional Exam Practice Test