PMI-RMP Full Practice Test 2 — Questions and Answers
Question 1: A project manager wants to capture the overall effect of uncertainty on the entire project rather than on a single event. Which term best describes this?
- Individual project risk
- Overall project risk (Correct answer)
- Residual risk
- Secondary risk
Correct answer: Overall project risk
Overall project risk reflects the effect of uncertainty on the project as a whole, arising from all sources including individual risks.
Question 2: During qualitative risk analysis, what two parameters are most commonly used to prioritize individual project risks?
- Cost and schedule
- Probability and impact (Correct answer)
- Urgency and proximity
- Detectability and manageability
Correct answer: Probability and impact
Qualitative analysis prioritizes risks primarily by assessing their probability of occurrence and impact on objectives.
Question 3: A new risk arises directly as a result of implementing a risk response. What is this called?
- Residual risk
- Secondary risk (Correct answer)
- Trigger condition
- Risk owner
Correct answer: Secondary risk
A secondary risk is one that emerges as a direct outcome of implementing a chosen risk response.
Question 4: Which response strategy is appropriate for a positive risk (opportunity) when the team wants to ensure the opportunity is realized by removing uncertainty?
- Mitigate
- Exploit (Correct answer)
- Transfer
- Avoid
Correct answer: Exploit
Exploiting an opportunity removes the uncertainty by ensuring the positive risk definitely happens.
Question 5: A contingency reserve is established to address which type of risk?
- Unknown-unknown risks
- Known risks that have been identified and analyzed (Correct answer)
- Risks owned by the sponsor only
- Risks that have already occurred
Correct answer: Known risks that have been identified and analyzed
Contingency reserves cover identified (known) risks for which active or passive acceptance responses are planned.
Question 6: What is the primary purpose of a risk register's 'risk owner' field?
- To assign blame if the risk occurs
- To identify who is responsible for monitoring and responding to the risk (Correct answer)
- To record who first identified the risk
- To list the sponsor of the project
Correct answer: To identify who is responsible for monitoring and responding to the risk
The risk owner is the person responsible for monitoring the risk and implementing the agreed response.
Question 7: Which document defines how risk management activities will be structured and performed on a project?
- Risk register
- Risk management plan (Correct answer)
- Risk report
- Issue log
Correct answer: Risk management plan
The risk management plan describes how risk activities will be structured and performed throughout the project.
PMI-RMP Full Practice Test 2
A project manager wants to capture the overall effect of uncertainty on the entire project rather than on a single event.
Which term best describes this?