PMI-RMP Exam Questions
647 real PMI-RMP exam questions with expert-verified answers and explanations. Page 6 of 13.
- Question #251Perform Targeted Risk Analysis
Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with...
Quantitative Risk AnalysisDecision Making Under UncertaintyRisk AnalysisProject Risk Management - Question #252Perform Targeted Risk Analysis
You are a risk auditor for your company. You are reviewing the contract types a project manager has used in her project. Of the following, which contract type has the most risk for...
Contract TypesProcurement RiskBuyer RiskRisk Allocation - Question #253Risk Strategy and Planning
Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units fo...
Risk response strategiesOpportunity managementAcceptance (risk response)Positive risk - Question #254Perform Targeted Risk Analysis
You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the proje...
Risk Contingency ReserveExpected Monetary Value (EMV)Quantitative Risk AnalysisRisk Budgeting - Question #255Perform Targeted Risk Analysis
You are project manager for ABD project. You, with your team, are working on the following activities: - Probabilistic analysis of a project. - Probability of achieving cost and ti...
Quantitative Risk AnalysisProbabilistic AnalysisCost and Time ObjectivesRisk Management Processes - Question #256Perform Targeted Risk Analysis
Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative r...
Qualitative risk analysisRisk bias reductionProbability and impact definitionRisk assessment objectivity - Question #257Risk Strategy and Planning
Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost a...
Risk Response PlanningBaseline ManagementCost ImpactSchedule Impact - Question #258Risk Process Facilitation
Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization w...
Risk response strategiesOpportunities (Positive Risks)Enhance strategySchedule compression - Question #259Risk Strategy and Planning
Which risk response is acceptable for both positive and negative risk events?
Risk Response StrategiesPositive RisksNegative RisksRisk Acceptance - Question #260Risk Strategy and Planning
Fill in the blank with an appropriate phrase. ________are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.
Pure riskRisk typesRisk identification - Question #261Risk Strategy and Planning
Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable t...
Risk Response PlanningThreat ResponseMitigation - Question #262Risk Monitoring and Reporting
You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk management meeting?
Risk meetingsRisk monitoringRisk reviewsMeeting components - Question #263Risk Monitoring and Reporting
Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen. If this event does happen, how much will Donna have left...
Risk Contingency ReserveExpected Monetary Value (EMV)Risk Budget ManagementQuantitative Risk Analysis - Question #264Risk Strategy and Planning
You are the project manager of the GHY project for your organization. You are about to start the qualitative risk analysis process for the project and you need to determine the rol...
Risk management planRoles and responsibilitiesRisk planning - Question #265Perform Targeted Risk Analysis
Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative anal...
Risk prioritizationQualitative Risk AnalysisProject objectivesRisk impact - Question #266Risk Monitoring and Reporting
Which of the following processes involves choosing the alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project managem...
Risk Monitoring and ControlRisk Response ExecutionContingency PlanningCorrective Actions - Question #267Risk Strategy and Planning
Melody is the project manager for her organization. She has created a risk response to conduct more tests on the software her project is creating. The identified risk that prompted...
Risk response strategiesThreat mitigationProject risk management - Question #268Risk Strategy and Planning
Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project must not go over...
Positive Risk ResponseExploit StrategyOpportunity ManagementRisk Response Planning - Question #269Risk Monitoring and Reporting
You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your proje...
Risk response strategiesLow priority risksWatchlistRisk monitoring - Question #270Risk Strategy and Planning
Gary has identified a project risk that could injure project team members. He does not want to accept any risk where someone could become injured on this project so he hires a prof...
Risk Response PlanningRisk TransferenceRisk Management Strategies - Question #271Risk Strategy and Planning
Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan ris...
Risk Management PlanningPlan Risk Management ProcessPlanning MeetingsTools and Techniques - Question #272Risk Strategy and Planning
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the proje...
Risk response planningProject document updatesTechnical documentationOutputs of risk management - Question #273Risk Strategy and Planning
You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety me...
Risk ManagementResidual RiskRisk Response Planning - Question #274Stakeholder Engagement
You have heard recently that the client calls your progress reports the "Code of Hammurabi" because they seem to be written in hieroglyphics and are completely indecipherable to al...
Communications planningStakeholder communicationReporting clarityClient engagement - Question #275Risk Monitoring and Reporting
A workaround is______________
WorkaroundsReactive ResponseRisk Event Management - Question #276Perform Targeted Risk Analysis
The purpose of a numeric scale in risk management is to______________
Risk impact assessmentNumeric scalesQualitative risk analysis - Question #277Risk Monitoring and Reporting
Which of the following is an example of recommended corrective action in risk management?
Corrective ActionsContingency PlanningRisk Response Execution - Question #278Perform Targeted Risk Analysis
The primary advantage of using decision-tree analysis in project risk management is that it______________
Decision Tree AnalysisQuantitative Risk AnalysisProbability AssessmentRisk Tools - Question #279Risk Monitoring and Reporting
What is the primary difference between a risk audit and a risk reassessment?
Risk MonitoringRisk AuditRisk ReassessmentMonitor Risks Process - Question #280Risk Monitoring and Reporting
Which of the following is NOT an objective of a risk audit?
Risk AuditRisk MonitoringRisk Management Objectives - Question #281Risk Strategy and Planning
At the time the risk register is first prepared, it should contain all the following entries EXCEPT______________
Risk Register ContentInitial Risk ManagementRisk IdentificationRisk Management Planning - Question #282Risk Process Facilitation
One way to make it more likely practice project risk management on projects is to______________
Risk Management PracticeTeam CollaborationCommunicationRisk Process Execution - Question #283Risk Monitoring and Reporting
Work performance information in control risks means that______________
Work Performance InformationControl Risks ProcessRisk MonitoringDecision Support - Question #284Risk Monitoring and Reporting
Because risk management is relatively new on projects in your company, you decide to examine and document the effectiveness of risk responses in dealing with identified risks and t...
Risk AuditRisk Response EffectivenessProcess ImprovementLessons Learned - Question #285Risk Monitoring and Reporting
You are a project manager working on a software development project. You've developed the risk management plan, identified risks, and determined risk responses for the risks. One o...
Secondary risksRisk response implementationRisk classification - Question #286Risk Monitoring and Reporting
Which of the following events would result in a baseline update?
Baseline ManagementChange ControlScope ManagementIntegrated Change Control - Question #287Perform Targeted Risk Analysis
Which of the following processes includes prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact?
Qualitative Risk AnalysisRisk PrioritizationProbability and Impact Assessment - Question #288Risk Strategy and Planning
Taking out insurance in relation to risk management is called what?
Risk ManagementRisk Response StrategiesRisk TransferenceInsurance - Question #289Risk Process Facilitation
The risk register contains which of the following?
Risk RegisterRisk IdentificationRisk Response Planning - Question #290Risk Strategy and Planning
Which of the following is an input to identify risk?
Risk IdentificationProcess InputsOrganizational Process Assets - Question #291Perform Targeted Risk Analysis
Which analysis helps to determine the risks that have the most potential for impacting the project?
Sensitivity AnalysisQuantitative Risk AnalysisRisk ImpactProject Objectives - Question #292Risk Process Facilitation
Which of the following risk management processes uses brainstorming as a technique?
Risk IdentificationBrainstormingRisk Management Processes - Question #294Risk Strategy and Planning
A project manager is creating a risk response plan. However, every time a risk response is suggested, another risk is identified that is caused by the response. Which of the follow...
Secondary RisksRisk Response PlanningRisk IdentificationIterative Risk Management - Question #295Perform Targeted Risk Analysis
If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that this risk event will occur during the...
Risk probabilityIndependent eventsQuantitative risk analysis - Question #296Risk Monitoring and Reporting
Executing the risk response plan in order to react to risk events throughout the project is called:
Risk response executionRisk monitoringRisk controlProject execution - Question #297Risk Strategy and Planning
In which of the following contract types does the buyer have the most cost risk?
Contract typesCost riskProcurement riskRisk allocation - Question #298Risk Strategy and Planning
Giving a part of project work to a contractor is an example of:
Risk response planningRisk transferContractingOutsourcing - Question #299Risk Strategy and Planning
Which is a valid response to negative risks?
Risk response strategiesNegative risksThreatsMitigation - Question #300Risk Process Facilitation
You are the project manager for a new website for the local zoo. You need to perform Qualitative Risk Analysis. When you've completed this process, you'll produce all of the follow...
Qualitative Risk AnalysisRisk Register UpdatesRisk Management OutputsPMI-RMP Processes - Question #301Risk Strategy and Planning
Many companies self insure against some risk. Problems which can arise from self-insurance include:
Self-insuranceRisk response strategiesFinancial risk managementContingency reserves