PMI-RMP Exam Questions

The risk manager wants to determine what is to be measured, how it is to be measured, and what project outcomes are to be measured. In which of the following processes should this...

What quantitative tools and techniques are used to perform risk analysis in order to support stakeholder decision making for the project?

While creating the appropriate risk strategy, the project manager discovers that the project team lacks the necessary expertise to define the risk management plan. What additional...

What are critical success factors for the Plan Risk Responses process?

A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for...

A regional vendor for custom manufactured steel oil derricks is awarded a contract to design, manufacture, and install 40 offshore oil platforms. Installation of these derricks req...

To properly ensure risk information is incorporated into the overall project management framework, risk data must be provided to the schedule analysts and cost estimators on a peri...

What best describes the job of a risk owner?

Upon returning from vacation, the risk manager observes during the project status meeting that several activities being accomplished were not in the original plan. What should the...

Contingency Reserve Total: US$213,000 Due to a mitigation strategy, Risk 4's probability has been reduced to 40%. What would be the new contingency reserve total?

The risk manager examines the enterprise environmental factors to gain an understanding of the stakeholders' risk appetite. However, risk appetites are not determined. What is the...

During the risk Monitor and Control Project Work process, the scope, schedule, and cost begin to increase. What outputs should be updated and/or created?

During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to d...

A risk manager is conducting a risk audit review at project completion. Which of the following represents the order that the steps should be performed to complete the full risk aud...

What is a project issue within a project environment?

Which analysis method has a lower standard deviation?

A project in the execution phase at the customer's site has an issue concerning new parts that do not fit properly into a machine. The site project manager cannot find this high pr...

When performing integrated cost-schedule risk analysis, a risk manager must correlate the project costs and activities with the risk baseline. Why is determining correlation critic...

During the initial risk planning process, the risk manager and project manager discuss ways to handle known risks. Which project reserve should the project manager use to budget fo...

The project manager is unable to obtain a global consensus of competing subject matter experts and stakeholders on the project scope. This has caused a one-month delay. What should...

The project sponsor has asked the project manager how much more a P90 will cost. The sponsor has budgeted for a P40. The project values are in thousands. How much additional fundin...

The risk manager for a construction project graphically groups project risks by the subsets of economic risk, social risk, and technical risk. Where has this information been captu...

At the completion of a small project, the risk manager performs a risk audit and finds that several identified risks had occurred, and the impact was significantly larger than expe...

During a project review meeting, an executive scrutinizes the risk section, including risks on the watch list, and demands action to close them out. What is the executive's risk at...

A risk manager schedules a project overview meeting with the project sponsor to provide an update on risk management progress. Each functional lead is identifying the most critical...

A project manager is developing the risk management process and schedules a risk planning workshop at the start of the project. Upon receiving the invitation, a senior stakeholder...

When monitoring the execution quality of risk-related plans and processes, which of the following would be a useful metric to track and record?

What is defined as "an uncertainty that could have a positive or negative effect on the project objectives", and second, what is a "chosen state of mind, mental view or disposition...

Within the organizational process assets, where would the project manager find risk response effectiveness from past projects?

Which input could be utilized to perform quantitative risk analysis to reduce uncertainty?

The risk management process can be defined as which of the following?

The feasibility of the risk management planning is dependent upon which of the following aspects of the organization?

The project manager has asked for the P50 estimate for the project schedule. What is the P50 estimate?

Which of the following will ultimately determine risk thresholds?

Which of the following characteristics would a risk-adverse person or group demonstrate?

After a risk review meeting, three key risks are identified as likely to be realized. The project manager requests a risk scenario be calculated to establish the impact on the budg...

Two companies merge. The executive leadership team for the newly formed company hires a project risk manager to integrate both companies' technology platforms into a single global...

A heavy industrial design firm has over US$3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have...

What is the best source of project information which could result in the reduction of risk?

Which of the following describes a difference between qualitative and quantitative risk analysis?

A project manager identifies a risk in a multifunctional project and decides to take no action. What should the risk manager do if the risk occurs?

The project manager must evaluate two separate contractors for a project with an absolute finish date of 15 December. After performing a Monte Carlo assessment on the submitted sch...

Given the output from the Monte Carlo simulation, what is the probability of a successful completion within the project budget?

The risk manager of a medium-sized project is performing risk response planning with the project team. The proposed action for one specific, primary risk introduces a secondary ris...

A risk facilitator is creating an outline for the risk management plan. To ensure alignment with the project's objectives, and to develop and recommend the project's risk strategy,...

What items should be included in a complex project's risk management plan?

Which of the following represents levels of risk attitude?

What would be the next step after determining the agreed-upon risk response for a specific risk?

The project values are in thousands. What is the average cost of the project?

A project risk manager is concerned about the low performance of risk management on a mission-critical project. After assessing the situation, the risk manager finds that the commu...