PMI-RMP Exam Practice Test Instant Access

Question 1

A software development project team was preparing for a phased release when an unknown and unexpected risk occurred with potential for delaying one of the features for the planned release. The project team decided to go ahead with the release and address this missing feature at a later date. One of the end users learned about this and strongly opposed the planned release.

What should the risk manager have done to prevent this situation?

AEngaged the sponsor and informed them of the decision to remove the planned feature.

BEngaged the stakeholders more in risk management activities and decisions to get their buy-in and support.

CPerformed proper risk identification at the project outset to ensure this risk was identified and mitigated.

DCreated a schedule buffer in the plan to deal with unknown risks if and when they occurred.

Answer : B

Question 2

An experienced and the only developer on a software implementation project will be on leave for several weeks. The risk of this critical resource's availability was added to the risk register. Contingencies were made for a support developer to job shadow this resource, depending on how things go prior to their leave. The project team was pleased with the backup plan and the new resource was able to shadow for a few weeks.

What should the risk manager do next?

AUpdate the risk register to indicate the risk has occurred and close out the expired risk from the register.

BUpdate, continuously monitor, and communicate the residual and secondary risks of the backup resource on the project.

CHire a permanent developer to support the project, and work with the backup resource to eliminate this risk.

DHire another developer to support the project, contingent on when the experienced developer returns.

Answer : B

Question 3

A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register.

How should the risk manager improve collaboration during risk planning?

AGather risk information from all parties and compile all submissions into a strength, weaknesses, opportunities, and threats (SWOT) analysis template.

BCreate a repository for project documents and related artifacts that can be accessed by all parties.

CCommunicate program metrics to all parties and create a scorecard to measure the effectiveness.

DWork with the project manager to develop a start-up workshop and colocate the team if permitted.

Answer : D

Question 4

A risk manager is preparing for the first meeting with their project sponsor on a potential project for a large client. The risk manager reviews their newly developed project risk register to identify any risks that should be analyzed further and begins by prioritizing the probability column based on the following criteria:

1 = Very Low

2 = Low

3 = Medium

4 = High

5 = Very High

What type of risk analysis is the risk manager performing?

AScenario-based risk analysis

BQuantitative risk analysis

CQualitative risk analysis

DMonte Carlo analysis

Answer : C

Question 5

A company has a project whose objective is to extract gold reserves from Field 1. However, another field closest to the company. Field 2, which has a higher probability of having twice as much gold reserves than Field 1. The risk manager requests the board of Directors to include Field 2 under the scope of the current project by management of change because the project's profitability will increase by 80%.

What type of request is the risk manager describing?

AA request to increase project earnings

BA request to increase project resources

CA challenge to stakeholder thresholds

DA challenge to the project investment

Answer : C

Question 6

A newly assigned risk manager realizes that a project has unrealistic funding and low resources. Which document should the risk manager review?

ARisk assessment criteria

BProject management plan

CProject assumptions

DRisk management plan

Answer : B

Question 7

An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan.

How should the risk manager address this concern?

ARisks are documented to the practicable extent possible.

BProbability of the risk was very low. so the risk was not documented.

CImpact of the risk was assessed to be insignificant, so the risk was not documented.

DA similar risk never occurred in the past, so it was not considered.

Answer : A

PMI-RMP PMI Risk Management Professional Exam Practice Test