Latest [Apr 01, 2024] PMI PMI-RMP Real Exam Dumps PDF
PMI-RMP Practice Test Questions Updated 133 Questions
NEW QUESTION # 28
You are the project manager of the NHH project for your company. You have completed the first round of risk management planning and have created four outputs of the risk response planning process. Which one of the following is NOT an output of the risk response planning?
- A. Risk register updates
- B. Project document updates
- C. Organizational process assets updates
- D. Risk-related contract decisions
Answer: C
NEW QUESTION # 29
You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?
- A. Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.
- B. Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.
- C. Achieving customer satisfaction is an assumption and should be documented in the project scope.
- D. Achieving customer satisfaction should always map to the quality requirements for the project.
Answer: A
NEW QUESTION # 30
You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?
- A. 0.92
- B. 1.06
- C. -$30,647
- D. 0.93
Answer: D
NEW QUESTION # 31
A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?
- A. Provide the new team member with a copy of the risk register and latest status report.
- B. The functional manager is responsible for providing the training.
- C. Send the new team member the risk management plan to read.
- D. Provide project specific risk training and mentor through the risk process.
Answer: D
NEW QUESTION # 32
You are the program manager for your organization. Management is considering a new program but they are worried about the program risks that may affect the program success. You know that there are three positive risks responses and three negative risk responses that each risk can have. Management asks you which risk response would be most appropriate for a large risk event if they wanted to hire a third-party to own the risk event for the program. What risk event is most appropriate?
- A. Sharing
- B. Mitigation
- C. Transference
- D. Avoidance
Answer: C
NEW QUESTION # 33
Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not
understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?
- A. Risks in the project should be addressed by their probability for creating risk responses.
- B. Risks in the project should be addressed by their priority for creating risk responses.
- C. Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
- D. Risks in the project should be addressed by their impact for creating risk responses.
Answer: B
NEW QUESTION # 34
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?
- A. The risk exposure of the event is $500,000.
- B. The risk exposure of the event is $850,000.
- C. The risk exposure of the event is $245,000.
- D. The risk exposure of the event is $350,000.
Answer: C
NEW QUESTION # 35
Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?
- A. Avoidance
- B. Acceptance
- C. Mitigation
- D. Transference
Answer: A
NEW QUESTION # 36
The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)
- A. Brainstorming
- B. Project organizational chart
- C. Work breakdown structure (W&S)
- D. Configuration management plan
- E. Monte Carlo analysis
Answer: C,E
Explanation:
Explanation
The work breakdown structure (WBS) will help the risk manager in understanding the project's scope and identifying potential risks at different levels of the project. Monte Carlo analysis is a quantitative risk analysis technique that can be used to assess the impact of identified risks on the project's schedule and cost.
NEW QUESTION # 37
Bill is the project manager for a project that will last six months and has a budget of $580,000. In this project a high-risk has been identified with the new materials the project will be using. Bill would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the authority to respond to the risk event if it appears in the risk events that is likely to happen. In addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is the risk response owner?
- A. Beth, because she has the authority to respond to the risk event
- B. Beth and the consultant are the risk owners
- C. Bill, because he is the project manager
- D. The consultant working with Beth, because this is transference
Answer: A
NEW QUESTION # 38
Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
- A. The events should be entered into qualitative risk analysis.
- B. The events should be entered into the risk register.
- C. The events should be determined if they need to be accepted or responded to.
- D. The events should continue on with quantitative risk analysis.
Answer: B
NEW QUESTION # 39
An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?
- A. Meet with the project's stakeholders
- B. Update the risk register
- C. Revise the risk management plan
- D. Ensure sufficient resources are available
Answer: C
Explanation:
Explanation
When a project is accelerated, the risk landscape changes. The project risk manager should first revise the risk management plan to address the new timeline and its potential impacts on the project. This will help in identifying new risks, reassessing existing risks, and updating risk responses.
NEW QUESTION # 40
You are the project manager for your organization and you are working with Thomas, a project team member.
You and Thomas have been working on a specific risk response for a probable risk event in the project.
Thomas is empowered with a risk response and will control all aspects of the identified risk response in which a particular risk event will happen within the project. What title, in regard to risk, is bestowed on Thomas?
- A. Risk expeditor
- B. Risk coordinator
- C. Risk team leader
- D. Risk owner
Answer: D
NEW QUESTION # 41
An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats.
What should the risk manager do next?
- A. Utilize different tools to identify the risks
- B. Update the risk register with the identified risks
- C. Plan risk responses to the threats
- D. Add only the threats to the risk register
Answer: B
Explanation:
Explanation
The risk manager should update the risk register with both the opportunities and threats identified during the SWOT analysis. This will help in tracking and managing all potential risks throughout the project lifecycle.
NEW QUESTION # 42
The project team recorded a risk in the risk register indicating that weather-related delays may impact equipment delivery during project execution. When it is time to request the equipment shipment there is bad weather, but the client wants the equipment delivered anyway.
What should the project manager do?
- A. Request the shipment of the equipment to satisfy the client.
- B. Proceed with the planned risk response to move the equipment.
- C. Ask the project sponsor to approve shipping the equipment.
- D. Wait until the weather improves before sending the equipment.
Answer: B
Explanation:
Explanation
The project manager should proceed with the planned risk response to move the equipment (C) since the risk of weather-related delays was already identified and recorded in the risk register. This approach ensures that the project team is prepared to handle the situation andcan mitigate the impact of the risk. This is consistent with the PMI's PMBOK Guide, Sixth Edition.
NEW QUESTION # 43
During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customers electrical infrastructure. This event was not originally identified as a risk.
To maintain the project schedule, the project manager decides to purchase a new power adapter.
What type of response best describes this course of action?
- A. Fallback plan
- B. Contingency plan
- C. Workaround
- D. Management plan
Answer: C
NEW QUESTION # 44 
The project manager has asked for the P50 estimate for the project schedule. What is the P50 estimate?
- A. 75 days
- B. 73 days
- C. 73.5 days
- D. 72.5 days
Answer: B
NEW QUESTION # 45
A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?
- A. Provide the new team member with a copy of the risk register and latest status report.
- B. The functional manager is responsible for providing the training.
- C. Send the new team member the risk management plan to read.
- D. Provide project specific risk training and mentor through the risk process.
Answer: D
Explanation:
Explanation/Reference:
NEW QUESTION # 46
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 probability risk in the risk register.
What action should the site project manager take?
- A. Workaround
- B. Variance analysis
- C. Risk audit
- D. Risk assessment
Answer: C
NEW QUESTION # 47
A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effectiveness.
What two actions should the risk manager do next? (Choose two.)
- A. Check for risk classification and that probability and impact are identified.
- B. Check to ensure that the risks are gathered using Delphi technique.
- C. Check to ensure that the risk is supported by a Monte Carlo simulation.
- D. Check to ensure the risk meeting agenda and supporting documents are distributed.
- E. Check to ensure that risk origin, triggering event, and ownership is identified.
Answer: A,E
Explanation:
Explanation
The risk manager should first check the risk register for proper risk classification, probability, and impact (C), as these are essential components of an effective risk management process. Next, the risk manager should ensure that the risk origin, triggering events, and ownership are identified (D), as this information helps in assigning responsibilities and taking appropriate actions for each risk. References to these steps can be found in the Project Management Institute's (PMI) A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition.
NEW QUESTION # 48
Which types of project tends to have more well-understood risks?
- A. State-of-art technology projects
- B. First-of-its kind technology projects
- C. Operational work projects
- D. Recurrent projects
Answer: D
NEW QUESTION # 49
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