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PMI Risk Management Professional PMI-RMP Dumps in PDF

Free PMI PMI-RMP Real Questions (page: 5)

PMI-RMP PDF — 560 Questions

During a weekly project review meeting, a stakeholder identifies some new risks.
When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?

  1. Classify the risk impacts based on their severity.
  2. List workaround solutions.
  3. Identify the risk owners.
  4. Determine the root causes.

Answer(s): A



Due to lack of specific knowledge within a technical domain, the project manager decides an expert from outside the organization should be invited into the project to identify and analyze risks. The project manager understands that the risk management process has many benefits, but it will also have clear costs.

Which of the following should the project manager do?

  1. Identify internal resources with proper knowledge, and keep costs down.
  2. Hire experts as needed.
  3. Hire a specialized risk analysis consulting company.
  4. Determine that the benefits outweigh the costs where risk is involved.

Answer(s): D



A project team is conducting initial risk planning.
What other risk-related task should the project manager perform?

  1. Identifying the risk threshold
  2. Determining the risk register headings
  3. Scoring the risks utilizing the risk matrix
  4. Prioritizing the risks in the risk register

Answer(s): A



A company is executing a high-visibility project to develop mobile phone technology. The project sponsor is concerned that an overall high risk rating may undermine support for the project within the company. The sponsor has instructed the project manager to manipulate the data used for Monte Carlo simulation to artificially reduce the risk rating.

What should the project manager do?

  1. Schedule a face-to-face meeting with the project sponsor.
  2. Modify the data.
  3. Ignore the request.
  4. Email the project sponsor explaining why the data should not be modified.

Answer(s): A



The project manager schedules a third workshop to facilitate the qualitative risk analysis. One team member complains that they should not have iterative meetings, but rather, should complete this at the beginning of the project.

Which of the following should the project manager do?

  1. Continue with the workshop, but discipline the team member for undermining the authority of the project manager.
  2. Agree with the team member, as qualitative analysis should only be performed during the initial stages of a project.
  3. Proceed with the meeting, but remove the team member from the invitees' list.
  4. Explain that it is good practice to perform qualitative analysis throughout the life of the project.

Answer(s): D



Which of the following situational factors has a significant effect on risk attitude?

  1. The risk heuristics evaluation available to the project team during planning and execution
  2. The perception of probability or frequency of occurrence and the perception of impact magnitude
  3. The number of project team members with close relationships to the chief executive officer (CEO)
  4. The number of external stakeholders and the potential for indirect consequences

Answer(s): D



What are the supporting elements for effective risk management?

  1. Trained core people, matrix organization, simple scalable process, and tools and techniques
  2. Competent people, collaborative organization, rigorous process, and tools and techniques
  3. Competent people, supportive organization, simple scalable process, and tools and techniques
  4. Competent people, functional organization, policy, and tools and techniques

Answer(s): C



Upon returning from vacation, the risk manager observes during the project status meeting that several activities being accomplished were not in the original plan.
What should the risk manager do first?

  1. Meet with the project team.
  2. Inform management of out-of-scope work.
  3. Review activities for new risks.
  4. Review the change control log.

Answer(s): D



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