PMI-RMP Online Practice Questions and Answers

You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?

A. Cause-and-effect diagrams

B. Project network diagrams

C. Delphi Technique

D. Decision tree analysis

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?

A. Enhancing

B. Opportunistic

C. Positive

D. Exploiting

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

A. Pareto modeling

B. Expected Monetary Value

C. Analogous modeling

D. Monte Carlo Technique

You are the project manager of the GHY Project for your company. You have completed the risk response planning with your project team. You now need to update the WBS. Why would the project manager need to update the WBS after the risk response planning process? Choose the best answer.

A. Because of work that was omitted during the WBS creation

B. Because of new work generated by the risk responses

C. Because of risk responses that are now activities

D. Because of risks associated with work packages

Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?

A. Avoidance

B. Mitigation

C. Acceptance

D. Transference

What is a project issue within a project environment?

A. A negative effect on a project objective arising from occurrence of a threat

B. A certain event which has a positive or negative impact in the project

C. A risk which has a significant impact on the project

D. An uncertain event which may impact the project

You are the project manager for your organization. You have determined that an activity is too dangerous to complete internally so you hire licensed contractor to complete the work. The contractor, however, may not complete the assigned work on time which could cause delays in subsequent work beginning. This is an example of what type of risk event?

A. Internal

B. Secondary risk

C. Pure risk

D. Transference

A common understanding of the value of risk management among key stakeholders is an effective foundation to managing risk effectively. The project manager should ensure training is provided to which of the following groups to create this understanding?

A. Project team members and customers

B. Management and external stakeholders

C. Management and customers

D. Project team members and management

The risk register is developed during the initial phases of a virtualized desktop deployment. The register is reviewed by peers, responses are planned, reviewed again, and risks are prioritized. After project completion, the risk register is reviewed as part of the formal lessons learned process. During the review, itis realized that the risk register was not updated, and many responses were not executed during the deployment.

Which of the following options should have been performed during the execution of the project?

A. Risk monitoring and control process

B. Risk management process

C. Risk identification

D. Response planning

Multiple new risks have come up on a project that were not included on the risk register. The project manager met with the team to explain that risk management is critical for the success of the project, and risk identification is key.

What should the project manager do next?

A. Review assumptions and constraints around risks.

B. Develop the risk response plans for identified risks.

C. Determine the likelihood and impact of the risks.

D. Apply an iterative approach to risk identification.