PMI-RMP

Review 447 PMI-RMP practice questions with answer explanations and community insights.

Question 1

What are common examples used to communicate risk probability and impact?

  1. Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis
  2. Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation
  3. Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix
  4. Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

Question 2

When using the risk register to manage the cost risk analysis, which of the following models the way correlation arises, and avoids the need to estimate the correlation coefficients?

  1. Risk Monte Carlo analysis
  2. Risk driver method
  3. Risk scatter diagram
  4. Risk RACI matrix

Question 3

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

  1. Adaptable and resourceful; not afraid to take action; thrill seeking
  2. Discomfort with uncertainty; low tolerance for ambiguity; seeks security and resolution in the face of risk
  3. Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and not afraid of change or unknowns
  4. Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior

Question 4

The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?

  1. Scheduled, budgeted, and easy for project stakeholders to understand
  2. Cost-effective, validated by Monte Carlo analysis, and assigned
  3. Iterative, scaled to the project, and addressing threats and opportunities
  4. Timely, cost-effective, agreed-upon, and accepted

Question 5

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?

  1. The functional manager is responsible for providing the training.
  2. Provide project specific risk training and mentor through the risk process.
  3. Send the new team member the risk management plan to read.
  4. Provide the new team member with a copy of the risk register and latest status report.
We are moving to a new platform

CertificationTest is being migrated. Some pages may be slow or briefly unavailable; everything will be back to normal within a few hours. If you run into any issue, email support@certificationtest.net.