PMI-RMP Exam Questions
647 real PMI-RMP exam questions with expert-verified answers and explanations. Page 10 of 13.
- Question #452Stakeholder Engagement
Project stakeholders can often be risk averse with little to no knowledge of the risk process. How should a risk manager increase stakeholder risk appetite?
Risk appetiteStakeholder engagementRisk communicationRisk awareness - Question #453Risk Process Facilitation
A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described. What is critical for the risk manager to consider when describing the...
Risk RegisterRisk DescriptionRisk CausesRisk Documentation Quality - Question #454Risk Strategy and Planning
The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit marg...
Risk response strategiesOpportunity managementExploit strategy - Question #455Risk Monitoring and Reporting
The project manager performed' a variance analysis on the project during the execution phase. The variances were shown as increasing What does this result imply?
Variance AnalysisRisk IdentificationUncertaintyPerformance Monitoring - Question #456Risk Monitoring and Reporting
The risk manager conducted an updated Monte Carlo simul-ation for the project at the end of a phase. The simul-ation reveals a key activity is now on the critical path. What recomm...
Critical Path AnalysisMonte Carlo SimulationSchedule RiskRisk Monitoring and Control - Question #457Risk Strategy and Planning
A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan t...
Risk PlanningProject ArtifactsInputs to PlanningOrganizational Process Assets - Question #458Risk Strategy and Planning
A risk manager of a major project facilitates a meeting to develop the risk management plan. What two factors does the risk manager need to consider to ensure an effective risk man...
Risk Management PlanPlan DevelopmentStakeholder EngagementProject Tailoring - Question #459Risk Monitoring and Reporting
Upon reviewing the risk analysis results, the project manager notices several risks that occur more frequently than others. What should the project manager do?
Risk MonitoringManagement ReserveRisk BudgetingRisk Occurrence - Question #460Perform Targeted Risk Analysis
A project has a S0S4 chance of a US$100 000 profit and a 40% chance of a US$100,000 loss. What is the expected monetary value for this project?
Expected Monetary ValueQuantitative Risk AnalysisRisk Analysis Techniques - Question #461Risk Monitoring and Reporting
A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CE...
Contingency Reserve ManagementRisk MonitoringProject ClosureRisk Process Improvement - Question #462Risk Process Facilitation
The project risk manager is in the process of identifying risks. The project sponsor has communicated that there is an influential stakeholder who has a senior management position....
Risk identification techniquesDelphi techniqueStakeholder communicationFacilitation techniques - Question #463Risk Monitoring and Reporting
A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated ba...
Secondary RisksRisk ResponseRisk MonitoringRisk Owner - Question #464Risk Monitoring and Reporting
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...
Risk IdentificationIterative ProcessContinuous Risk Management - Question #465Perform Targeted Risk Analysis
Towards the end of definitive design, project costs have increased to the point where it will be classified as a capital asset project. The customer has expressed they want one fin...
Qualitative Risk AnalysisRisk AssessmentProject ConstraintsRisk Management Process - Question #466Perform Targeted Risk Analysis
The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG)...
Lessons learnedSchedule analysisRisk impact assessmentProactive risk management - Question #467Stakeholder Engagement
The project manager and the risk manager of a new project to develop an application to support autonomous driving are meeting with the sponsor and key stakeholders to discuss the p...
Regulatory RiskStakeholder EngagementRisk Information GatheringProactive Risk Response - Question #468Risk Monitoring and Reporting
A project manager wants to work on understanding the project risks. The project manager works with the integrated project team to develop the risk handling strategies for the ident...
Risk response monitoringRisk strategy reviewContinuous risk managementPeriodic review - Question #469Risk Strategy and Planning
A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager perform...
Risk transferThreat response strategiesProcurementRisk management - Question #470Risk Strategy and Planning
During a meeting to develop the risk management plan, the risk manager recognizes that risks may be identified that could also impact other projects that the company is pursuing. W...
Risk Management PlanEscalation ProcessCross-project RisksRisk Planning - Question #471Perform Targeted Risk Analysis
A risk manager reviews a Monte Carlo schedule risk analysis model before sharing the results with the project manager. The risk manager notices that activity correlations were not...
Monte Carlo SimulationSchedule Risk AnalysisCorrelationStandard Deviation - Question #472Risk Strategy and Planning
The project manager for project X was expecting the mobilization of critical equipment from another project, project Y. However, a day before the mobilization was scheduled, anothe...
Contingency planningRisk response strategiesDependency managementProactive risk management - Question #473Risk Process Facilitation
An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part...
Risk IdentificationSWOT AnalysisRisk RegisterRisk Management Process - Question #474Risk Process Facilitation
The project manager has completed four projects all with similar scope. The project manager has recently been assigned to start on a new project and believes some risks may occur a...
Risk IdentificationLessons LearnedTeam CollaborationRisk Management Process - Question #475Risk Monitoring and Reporting
During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial resid...
Risk monitoringResidual riskStakeholder communicationRisk prioritization - Question #476Stakeholder Engagement
An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk manag...
Early project stagesStakeholder educationRisk management best practicesRisk awareness culture - Question #477Risk Monitoring and Reporting
A project manager is assigned to a new project and is told they need to develop the project's risk register. When should the project manager identify the project risks?
Risk identificationContinuous risk managementTeam collaboration - Question #478Risk Strategy and Planning
A new risk manager is assigned to an ongoing project, what should the new risk manager do first to assess the project environment?
Risk Management PlanOnboarding Risk ManagerProject Environment AssessmentRisk Management Framework - Question #479Stakeholder Engagement
A risk manager faces resistance as they try to implement the project's risk strategy. Some members of the project team believe it is a waste of time and money, What should the risk...
Stakeholder managementCommunicationAddressing resistanceRisk strategy implementation - Question #480Perform Targeted Risk Analysis
A project is evaluating a new software to streamline the current purchase order process. The current process is labor-intensive and involves printing, ink signatures, scanning, and...
Risk data qualityRisk assessment inputsRisk management process - Question #481Risk Strategy and Planning
What is an example of legal and regulatory requirements and/or constraints when assessing a project environment for threats and opportunities?
Legal and regulatory requirementsProject environment analysisConstraintsConfidentiality - Question #482Risk Strategy and Planning
The project sponsor asks the project manager about the accuracy of the project dat
Risk Response PlanningData AccuracyStakeholder InquiryRisk Management Actions - Question #483Perform Targeted Risk Analysis
A two-year project with a budget of US$2 million has completed about 60% of the work at the end of the first year. The actual cost incurred to complete the remaining 40% of work is...
Cost Performance Index (CPI)Earned Value Analysis (EVA)Cost BaselinePerformance Measurement Interpretation - Question #484Risk Monitoring and Reporting
A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very small chance that this risk will occur and...
Risk identificationQualitative risk analysisWatch listRisk monitoring - Question #485Stakeholder Engagement
A project manager identified a risk of communication issues with the client which may impact the project schedule. A member of (he sales team advises that this client prefers face-...
Risk Response PlanningStakeholder CommunicationCommunication ManagementProactive Risk Avoidance - Question #486Risk Monitoring and Reporting
A complex project that had hundreds of risks is almost done. The project manager is closing the risks as part of the closing process. One team member mentions that there are import...
Lessons LearnedProject ClosureRisk Management ProcessOrganizational Process Assets - Question #487Risk Strategy and Planning
A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives....
Risk CategorizationRisk Impact AnalysisProject ObjectivesRisk Response Planning - Question #488Stakeholder Engagement
Members of a project team are not taking their risk management responsibilities seriously. They do not consider risk management as primary to the project's success and do not belie...
Risk engagementTeam motivationStakeholder influenceRisk culture - Question #489Risk Monitoring and Reporting
After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in the response plan to help mitigate the risks?
Risk response planningRisk owner responsibilitiesAction item managementMitigation implementation - Question #490Risk Strategy and Planning
A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project m...
Risk Management PlanRisk PlanningDefining Risk Approach - Question #491Risk Process Facilitation
A project's design has been completed and approved on time. The construction subcontractor should be mobilizing to start construction but does not have the necessary materials in p...
Risk IdentificationProject LifecycleRisk Register ManagementProactive Risk Management - Question #492Risk Strategy and Planning
A project manager is working on a construction project. Based on past experience, the project manager identifies a risk that a supplier of a critical material may not deliver on ti...
Secondary riskRisk typesRisk response planning - Question #493Risk Monitoring and Reporting
Several key stakeholders approach the project manager with concerns. The stakeholders have received feedback from local businesses that have reported a reduction in customers becau...
Risk identificationRisk analysisIssue managementStakeholder feedback - Question #494Risk Monitoring and Reporting
A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize. What should the project manage...
Risk closureRisk register managementRisk monitoringRisk status update - Question #495Perform Targeted Risk Analysis
An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a...
Risk ExposureExpected Monetary Value (EMV)Quantitative Risk AnalysisRisk Response Evaluation - Question #496Risk Monitoring and Reporting
The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager has asked the project team to do...
Risk monitoring and controlLessons learnedProject documentationKnowledge management - Question #497Risk Process Facilitation
The project manager leading a company's digital signature initiative for engineering drawings has identified threats and opportunities using a strengths, weaknesses, opportunities,...
SWOT AnalysisThreat IdentificationOpportunity IdentificationRisk Identification - Question #498Risk Strategy and Planning
Business rhythm can fluctuate greatly between different industries and vary between companies within the same industry. What should be used 10 determine how often a project's risk...
Risk Management PlanRisk Register UpdatesRisk Review FrequencyPlanning Risk Management - Question #499Risk Strategy and Planning
A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder sa...
Risk toleranceRisk thresholdsStakeholder alignmentRisk planning - Question #500Perform Targeted Risk Analysis
A project manager was informed that the testing of the latest component in the project's software update release was not successful. As a result, 1he delivery timelines for the sof...
Risk identificationAssumptions and constraints analysisRisk reassessmentProactive risk management - Question #501Perform Targeted Risk Analysis
The project risk manager on a large firm fixed priced (FFP) contract has an up-to-date risk register with accurate and detailed information. What should the project risk manager do...
Quantitative Risk AnalysisContingency ManagementRisk ExposureFFP Contracts