PMI-RMP practice questions 1–10

1. Question 1 · 204 in bank

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

   • ARisk checklist, risk assessment, regression analysis, and assumption and constraint analysis
   • BMonitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation
   • CProbability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix
   • DMonitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

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   Answer: C

   Explanation

   A big thank you to Realexamcollection for their exceptional educational support! Their premium quality content played a significant role in helping me achieve a stellar 90% score in the PMI-RMP exam.

   Source: Adapted from community discussion — gemive

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2. Question 2 · 204 in bank

   In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to the project cancellation. How should the probability and impact be characterized for this risk?

   • ALow probability/low impact
   • BHigh probability/low impact
   • CLow probability/high impact
   • DHigh probability high impact

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   Answer: D

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3. Question 3 · 204 in bank

   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 expected. While the project remained on schedule, the project budget increased by 50%. The project met all risk response milestones and no additional, previously unidentified risks, occurred on the project. Based on this information, what risk management process improvement should the risk manager recommend for future similar projects?

   • AIncrease frequency of risk management meetings with the project manager.
   • BRevise the level of accuracy of probability and impact scores.
   • CDocument the risk audit report and capture it in the lessons learned database.
   • DExpand the use of risk identification techniques.

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   Answer: B

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4. Question 4 · 204 in bank

   

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

   • A75 days
   • B73.5 days
   • C73 days
   • D72.5 days

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   Answer: C

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5. Question 5 · 204 in bank

   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 communication style may be the main contributor. What could the project risk manager do to adjust the approach to influence team members to improve performance?

   • AUse follow-up emails, adopt an open door policy, and ask for feedback.
   • BSeek hidden agendas, vent frustrations, and allow others to vent frustrations.
   • CProvide continuous support, counseling, build trust, and open communications.
   • DConduct one-on-one meetings, more frequent follow-up meetings, and implement the management by walking around technique.

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   Answer: D

   Explanation

   C is best answer because any manager needs to support his team , build trust will lead to improve team. If you read agile project management, you will know how leader work as servant leadership and focus on his people 👍🏼

   Source: Adapted from community discussion — Aliali

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6. Question 6 · 204 in bank

   A project's risk manager successfully implements the risk management plan and the risk register. Furthermore, the risk analysis and the risk response planning are finalized. All results have been documented, and the project management plan and other project documents have been updated accordingly. What should the risk manager do next?

   • APerform a lessons learned document update with the defined risks.
   • BPerform regular reserve analysis to ensure that the assigned risk reserve budgets are sufficient.
   • CPerform risk date quality assessments.
   • DPerform continuous risk re-evaluation throughout the project life cycle to ensure risk management effectiveness.

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   Answer: D

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7. Question 7 · 204 in bank

   

   Very low = 1, Low = 2, Moderate = 3, High = 4, Very High = 5 A project manager must complete a report for a stakeholder who is concerned about the possibility of a funding shortfall. What is the most effective way to explain the risk to this stakeholder?

   • AThe funding shortage is the lowest ranked/scored risk.
   • BThe funding shortage is a significant risk.
   • CThe funding shortage will have a very high impact on the project and is the highest priority.
   • DThe funding shortage has a very low probability of occurring and is not a concern for the project.

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   Answer: D

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8. Question 8 · 204 in bank

   Which of the following success factors will enhance the Perform Qualitative Risk Analysis process as the risk occurrence gets closer?

   • AAgreed-upon definition
   • BIterative analysis
   • CHigh quality information
   • DAgreed-upon approach

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   Answer: D

   Explanation

   Key Success factors at 4.4.2 in Standard for Risk are: 1. Use Agreed Approach 2. Use Agreed definitions of Risk terms 3. Collect credible information about risk 4. Perform iterative qualitative risk analysis So more than one answers are correct.........

   Source: Adapted from community discussion — Azharmak

   References

   • pmi.org documentation

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9. Question 9 · 204 in bank

   A project team member identifies, but does not document, a risk early in the project, because it is considered to be trivial. This risk occurs later and negatively impacts the project. What could the project manager do to avoid this situation?

   • AConduct team meetings early in the project to ensure team member are familiar with risk identification requirements.
   • BCommunicate the punishment and rewards policy to the project team during the project kick-off meeting.
   • CProvide project team members with access to simulation tools and decision tree diagrams.
   • DProvide team members with a risk management prompt list early in the project to ensure risks are not missed.

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   Answer: A

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10. Question 10 · 204 in bank

    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?

    • AVariance analysis
    • BWorkaround
    • CRisk assessment
    • DRisk audit

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    Answer: B

    Explanation

    the best answer is a workaround because the manager should be proactive and because the risk wasnot identified before so you should take a quick action.what is the benefit to make risk audit in this case?nothing

    Source: Adapted from community discussion — hossam83

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PMI-RMP practice, question 1. 204 questions available.