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Guide for PMI-RMP: PMI Risk Management Professional

Quiz PMI-RMP: PMI Risk Management Professional

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/ 10

Quiz

1/10
As per the risk analysis process carried out for a project, two risks are registered. The probability risk
A will occur is 40% and its monetary impact to the project is US$100,000. The probability risk B will
occur is 60% and its monetary impact to the project is US$20,000.
What is the total contingency budget that should be created?
Select the answer
1 correct answer
A.
US$68,000
B.
US$52,000
C.
US$120,000
D.
US$80,000

Quiz

2/10
A risk manager notices that a risk owner is facing challenges implementing their response strategy
and the costs are significantly exceeding expectations. What is the first thing the risk manager should
do?
Select the answer
1 correct answer
A.
Highlight this situation to the project manager
B.
Conduct a cost-benefit analysis
C.
Change the risk response strategy
D.
Analyze the situation and meet with the risk owner

Quiz

3/10
The risk manager also serves as a facilitator for a project and realizes the project team members have
biases impacting how they perceive risks. What analysis is currently being used?
Select the answer
1 correct answer
A.
Quantitative risk analysis
B.
Force field analysis
C.
Qualitative risk analysis
D.
Stakeholder analysis

Quiz

4/10
A project manager has requested a risk manager facilitate risk identification on a project. While
facilitating this effort, the project manager wants to ensure that stakeholders interact and provide
their expertise so that an exhaustive list of risks is created.
Which risk identification technique should the risk manager use?
Select the answer
1 correct answer
A.
Prompt lists
B.
Interviews
C.
Delphi technique
D.
Nominal group technique

Quiz

5/10
In a project to promote public health and mitigate health risks, the national health authorities intend
to take actions to limit the risks of harmful insects by using pesticides; however, it is expected that
some residents will have negative health effects due to the use of the pesticides but according to the
assessment completed by the health authorities, not moving forward with this plan will have much
more serious consequences on public health rather than following through with the original plan.
How should the project manager address this concern with the health authorities?
Select the answer
1 correct answer
A.
Suspend the project as the secondary risk will negatively impact residents' health which is not acceptable.
B.
Consult with health experts to provide a risk trigger before using pesticides that will impact the residents.
C.
Assess and record associated secondary risks and proceed to treat them as any other risks.
D.
Proceed with the project as normal since a minor number of residents will be effected negatively.

Quiz

6/10
The project manager wants to use an objective method to evaluate the key project risks and develop
response plans.
What action should the risk manager propose?
Select the answer
1 correct answer
A.
Ask the team to perform an earned value analysis.
B.
Review the lessons learned from other projects.
C.
Ask the team to prepare a Monte Carlo analysis.
D.
Ask the risk expert to perform a PESTLE evaluation.

Quiz

7/10
A company is preparing a formal response to bid for an infrastructure engineering, procurement, and
construction project. When should a risk register be developed to identify risks?
Select the answer
1 correct answer
A.
During the project execution phase to allow the project manager to understand the risk attitudes of stakeholders.
B.
When a client project kick-off meeting is held to introduce risk assessment process to the client.
C.
Before a formal bid response is provided to the client to gain a greater understanding of the project’s risk profile.
D.
After a project budget is set up with a purchase order to charge hours for a risk workshop.

Quiz

8/10
A risk manager completed risk response planning for a project that is currently in the execution
phase. During a periodic review of the risk register, the project manager recognizes that some key
secondary risks have not been considered.
Who should the project manager hold accountable for missing the risks?
Select the answer
1 correct answer
A.
The audit team
B.
The risk manager
C.
The risk owners
D.
The discipline engineers

Quiz

9/10
.
A project manager is identifying risks on a project and decides to use a risk checklist to gather
historical data accumulated from similar projects. With several different historical project files to
choose from, which two pieces of information should the project manager include in their risk
checklist? (Choose two.)
Select the answer
2 correct answers
A.
Budget variance data from previously completed projects.
B.
Project scope and cost management plans from previous projects.
C.
Lessons learned from similar completed projects.
D.
Previous project risks that may be relevant to this project.
E.
Stakeholder analysis metrics from projects with similar risk profiles.

Quiz

10/10
During the design phase the project team is exploring various architecture options. After reviewing
the results of design pilot, two conflicting infrastructure pieces were identified.
What action should the project manager take?
Select the answer
1 correct answer
A.
Reassess the design for the two pieces.
B.
Escalate the situation and request approval to move forward.
C.
Confirm the results through a second pilot.
D.
Update the assumptions log and assess the risk associated with it.
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Info quiz:

  • Quiz name:PMI-RMP: PMI Risk Management Professional
  • Total number of questions:264
  • Number of questions for the test:50
  • Pass score:80%

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