Free Project Management Professional PMI-RMP Ultimate Study Guide (Updated 133 Questions) [Q14-Q30]

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Free Project Management Professional PMI-RMP Ultimate Study Guide (Updated 133 Questions)

Get to the Top with PMI-RMP Practice Exam Questions

PMI-RMP certification exam is one of the most sought-after certifications for professionals in the field of project management. It is a globally recognized certification that validates an individual’s expertise in risk management. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), which is a non-profit organization that aims to promote excellence in project management.

 

NO.14 You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?

 
 
 
 

NO.15 You are the project manager for the NHH project. You are working with your project team to examine the project from four different defined perspectives to increase the breadth of identified risks by including internally generated risks. What risk identification approach are you using in this example?

 
 
 
 

NO.16 A project team’s risk facilitator identifies a number of risks and must prioritize them based on the organization’s risk appetite levels. Which technique should be used?

 
 
 
 

NO.17 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 manager do next?

 
 
 
 

NO.18 Which of the following should the risk manager consider as external environmental factors when creating the risk management plan?

 
 
 
 

NO.19 Which of the following represents the best description of the role of project manager for project risk management?

 
 
 
 

NO.20 You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans?

 
 
 
 

NO.21 You are the project manager for BlueWell Inc. Your current project is a high priority and high profile project within your organization. You want to identify the project stakeholders that will have the most power in relation to their interest on your project. This will help you plan for project risks, stakeholder management, and ongoing communication with the key stakeholders in your project. In this process of stakeholder analysis, what type of a grid or model should you create based on
these conditions?

 
 
 
 

NO.22 You are the project manager for a construction project. The project includes a work that involves very high financial risks. You decide to insure processes so that any ill happening can be compensated. Which type of strategies have you used to deal with the risks involved with that particular work?

 
 
 
 

NO.23 You are the project manager of QSL project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique are you using as a part of the risk identification process?

 
 
 
 

NO.24 A well established project begins to experience cost overruns and falls behind schedule. The project risk register identifies many risks and risk response plans in place, yet many risks are transitioning into issues. As the risks occur and become issues, many of the response plans are in progress, but not complete. The data from this graph represents the status of the project risks.

Based on this information, what improvement to the risk management process is required?

 
 
 
 

NO.25 A risk manager wants to determine which risks are going to have the highest impact on a project. Which of the following techniques should the risk manager use?

 
 
 
 

NO.26 John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

 
 
 
 

NO.27 A home solar panel project has many internal and external stakeholders including households, businesses, community groups, electric utility companies, local government officials, landlords, and investors. What should the project manager do when engaging stakeholders?

 
 
 
 

NO.28 You work as the project manager for Bluewell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decide, with your stakeholders’ approval, to fast track the project work to get the project done faster. When you fast track the project, what is likely to increase?

 
 
 
 

NO.29 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?

 
 
 
 

NO.30 The risk management process can be defined as which of the following?

 
 
 
 

The potential candidates should know what to expect from the test before they start their preparation phase. That is why they have to observe all the topics of the PMI-RMP exam. All in all, the domains of this certification test are highlighted as follows:

Risk Planning and Strategy (19-20%)

  • Updating the risk procedures and policies utilizing information to improve the risk management effectiveness;
  • Producing the risk management plan for the project based on data, such as industry policies and procedures, project information, stakeholder data, and external factors to determine, fund, and staff practical risk management processes for the project that adjust with different project plans;
  • Developing the risk assessment tools & processes that measure risk tolerances of a stakeholder to estimate and define the risk minimum for the project as well as determine the standards for risk levels;
  • Establishing the evaluation standards for the risk management processes according to the project objectives and baselines to measure the capability of the project risk process.
  • Developing and recommending the project risk strategy according to the project objectives to set the sketch for the risk management plan;

 

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