PMI - RMP Practice Test

Question 1

The outcomes of risk management planning are _______________.

Accepted Answer

documented in the risk management plan

Answer

contributes to the management team's improvement.

Answer

risk management methodologies under controlled conditions

Answer

monitored residual risks

Question 2

The risk owner should choose a suitable strategy for each individual risk based on _______________________, ensuring that the strategy is achievable, affordable, cost effective, and appropriate.

Accepted Answer

its characteristics and assessed priority

Answer

appropriate project model

Answer

unbiased data

Answer

commitment to collecting high-quality risk data

Question 3

Stakeholders are people or organizations who are actively involved in the project or _________________________.

Accepted Answer

may affect or be affected by the project

Answer

monitor and control risks

Answer

prevent future problems

Answer

perform qualitative risk analysis

Question 4

A missed activity completion date may necessitate budget and schedule adjustments and trade-offs. What can be done to reduce control over the head?

Accepted Answer

management through exception procedures and other techniques can be considered

Answer

the project's chosen life cycle and the processes that will be used in each phase

Answer

human resources requirements must be met

Answer

needs and techniques for communication among stakeholders can be done

Question 5

Typically, the organization specifies risk-rating rules in advance of the project and includes them in __________________.

Accepted Answer

organizational impact assessment

Answer

organizational environmental factors

Answer

organizational process assets

Answer

organizational risk register

Question 6

Project risks can be classified according to the source of the risk, for example, the area of the project affected, using the WBS, or other useful categories such as project phase, to determine the area of the project most vulnerable to the effects of uncertainty. Risk is also classified as_______________________.

Accepted Answer

common root causes

Answer

activity cost estimates

Answer

corrective action chosen

Answer

financial databases

Question 7

You learn that a new external regulation has been discovered, increasing the risk of completing your project on time and within budget. You make a decision about how you will deal with any risks that arise. Which of the following responses is currently being used?

Accepted Answer

Acceptance

Answer

Avoidance

Answer

Mitigation

Answer

Enhancement

Question 8

Addressing risks requires a portion of status meetings or a separate meeting. Risks should be treated seriously, rather than as an afterthought. _____________suggests a weekly risk-management meeting.

Accepted Answer

PMI

Answer

PMM

Answer

PMA

Answer

PMP

Question 9

All of the conditional response plans, as well as any residual risks, will have an impact on the project's schedule, budget, and/or performance objectives if they occur. To allow for these eventualities, ____________________ must be set aside.

Accepted Answer

An amount of time and cost

Answer

A new template

Answer

Monitor and Control Risk Process

Answer

A Risk Register

Question 10

Developing a habit of sharing qualitative data and actively seeking new perspectives for improvement will accomplish which of the following?

Accepted Answer

strengthen your strategy

Answer

strengthen your stakeholders

Answer

strengthen your risks

Answer

strengthen your threats