PMI Risk Management Professional (PMI-RMP) Free Practice Test

Question 1

An organization with a portfolio of unique business functions kicks-off a performance improvement project across the entire organization. There are a large number of stakeholders the project team will need to consider during risk identification.
What three actions should the risk manager ensure the project team performs during risk identification?
(Choose 3)

A. Develop checklists based on historical information

B. Perform qualitative and quantitative risk analyses

C. Conduct interviews, meetings, and focus groups

D. Employ brainstorming to generate spontaneous ideas

E. Assign a different risk manager for each portfolio unit

Correct Answer: A,C,D

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Question 2

While executing an oil extraction project in an environmentally sensitive area, weather is the main cause of delay in the project work. The risk manager was aware that the delays caused by the weather could not be avoided or mitigated.
What should the risk manager do to manage this risk?

A. Execute the prevention plans.

B. Perform change management.

C. Perform time recovery actions.

D. Execute the contingency plans.

Correct Answer: D

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Question 3

The project risk manager is in the process of identifying risks. The project sponsor has communicated that there is an influential stakeholder who has a senior management position. The other stakeholders do not feel comfortable speaking in front of this stakeholder.
What should the project risk manager do next to identify risks?

A. Review the risk breakdown structure to ensure project scope is covered.

B. Use the brainstorming technique to remove personal bias.

C. Use expert judgment to remove ego or emotional conflict.

D. Consider the Delphi technique to gather all stakeholder opinions.

Correct Answer: D

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Question 4

There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to get this conflict resolved.
What should the risk manager do to resolve this recurring situation?

A. Provide coaching to the risk action owners.

B. Update the risk response strategies.

C. Revisit the risk thresholds and triggers.

D. Review the stakeholders ' risk appetite.

Correct Answer: C

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Question 5

A project manager is working on a construction project. Based on past experience, the project manager identifies a risk that a supplier of a critical material may not deliver on time. The project manager has already accounted for this risk in the risk management plan. If this risk materializes, the project manager plans to procure the material from a different supplier. A potential risk in this plan is that there may be differences in the material provided by the first and second supplier.
What type of risk is this?

A. Secondary risk

B. Primary risk

C. Normal risk

D. Residual risk

Correct Answer: A

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Question 6

A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan.
What is the expected outcome of developing the risk management plan?

A. Having the ability to identify risks throughout the project.

B. Documenting the communication strategy for risks throughout the project.

C. Defining how risk management will be executed throughout the project.

D. Being able to monitor and control risks throughout the project.

Correct Answer: C

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Question 7

A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager performing in this situation?

A. Risk avoidance

B. Risk acceptance

C. Risk mitigation

D. Risk transfer

Correct Answer: D

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Question 8

Many customers using the global positioning system (GPS) of several automobile companies are complaining about errors due to a recent update. This update included a major technological change to mitigate emerging risks with software deployment. Upon investigation, the risk manager realized that this issue was identified as a high-risk item during risk analysis, which required secondary risk identification that was never completed.
What was missed in the risk management process that led to this incident?

A. The identification of the business driver.

B. Project environmental factors

C. The risk management strategy quality assurance.

D. The new technology ' s impact on existing controls

Correct Answer: D

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PMI Risk Management Professional (PMI-RMP) Free Practice Test