PMI Risk Management Professional PMI-RMP Dumps Questions

Jonnie Karnath2023-05-29T07:39:32+00:00

Preparing for the PMI-RMP certification exam requires a combination of knowledge, practice, and confidence. Certspots’ PMI-RMP dumps questions provide an invaluable resource to enhance your exam readiness. By working through these questions, you can test your understanding, simulate the exam environment, and gain insights into risk management principles. At Certspots, we offer a comprehensive collection of PMI-RMP exam questions and answers, designed to help you prepare for the real exam. Our PMI-RMP dumps questions are regularly updated to reflect the latest exam syllabus and ensure that you are fully prepared for every aspect of the PMI-RMP exam. Our PMI-RMP dumps questions cover all the topics and concepts that are featured on the actual exam. With our PMI-RMP dumps questions, you will be able to evaluate your knowledge and identify areas where you need to focus your studies.

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1. A risk manager faces resistance as they try to implement the project's risk strategy. Some members of the project team believe it is a waste of time and money, What should the risk manager do?

Continue to implement the risk strategy

Meet with team members to address their concerns.

Reduce the number of risk management activities.

Raise the concerns with the project sponsor,

2. A project manager wants to work on understanding the project risks. The project manager works with the integrated project team to develop the risk handling strategies for the identified risks.

How should the project manager work with these risk handling strategies?

Review and revise the strategies periodically.

Implement the strategies after completing the risk analysis.

Implement the strategies immediately.

Ensure the strategies are approved by the stakeholders.

3. A large, land-based infrastructure project has begun. The project makes assumptions about the site conditions and has economic, technical, and environmental constraints

What should the project manager do next to determine risk impact of assumptions and constraints?

Add all assumptions and constraints to the risk register.

Add the risk impact of the assumptions in the risk register.

Add the assumptions and constraints to the assumption log.

Add the assumptions and constraints in the project charter.

4. The project manager leading a company's digital signature initiative for engineering drawingshas identified threats and opportunities using a strengths, weaknesses, opportunities, and threats (SWOT) analysis.

What are two potential threats or opportunities under the SWOT analysis? (Choose two.)

The management team agreeing to include more resource for the digital signature initiative.

The organization's professional engineers having reservations about possible information tampering.

A growing number of competitors with digital signatures.

An elimination of manual steps associated with recording wet signatures

The growing adoption of mobile communications in the industry.

5. The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities.

How will the risk manager accomplish this?

Ensuring that the project sponsor is kept well-informed

Arranging periodic risk: management process audits

Communicating the status of risks regularly to stakeholders

Monitoring costs with intervention when necessary

6. A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment

What should the risk manager do?

Confirm the risk triggers are still valid.

Ask the architect to develop acceptance criteria.

Review the feature with the project team.

Escalate the issue to the project board.

7. A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low.

What should the project risk manager monitor closely?

Risk thresholds

Risk response strategies

Risk management reports

Risk breakdown structure (RBS)

8. 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?

Suspend the project as the secondary risk will negatively impact residents' health which is not acceptable.

Consult with health experts to provide a risk trigger before using pesticides that will impact the residents.

Assess and record associated secondary risks and proceed to treat them as any other risks.

Proceed with the project as normal since a minor number of residents will be effected negatively.

9. A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work.

What is the project manager performing in this situation?

Risk mitigation

Risk transfer

Risk acceptance

Risk avoidance

10. An agriculture government agency faces different challenges with farmers and landlords In implementing its ambitious growth strategy. The agency decided to establish an enterprise risk management unit to identify risks, analyze risks, and provide a handbook showing how to handle the surrounding uncertainty.

What should the risk management expert recommend the agency do first to identify risks and develop the handbook?

Follow standard risk Identification tools dedicated for agriculture and tailor them to the environment.

Hire an agriculture expert who can develop the required handbook and discuss it with the agriculture minister.

Prepare a list of the key resources that will be used to compile a risk management plan.

Conduct meetings, facilitated workshops, and interviews with stakeholders to identify potential risks.

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11. 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?

Reassess the design for the two pieces.

Escalate the situation and request approval to move forward.

Confirm the results through a second pilot.

Update the assumptions log and assess the risk associated with it.

12. 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?

Prompt lists

Interviews

Delphi technique

Nominal group technique

13. A project manager is working on a high priority and high profile project. The project team had identified three opportunities, and after analysis, risk responses were recorded. Although risk responses were adequate for the identified opportunities, two of those opportunities were not acted upon. During the risk audit, the project manager found out that several of the planned risk responses were not implemented.

What should the project manager have done to avoid this?

Provided regular training to the risk owners for plan implementation

Determined risk triggers and thresholds in the risk response plan

Increased communications to influence stakeholder risk responses

Updated the project schedule, adding risk owner implementation tasks.

14. The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off.

Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)

Work breakdown structure (W&S)

Project organizational chart

Configuration management plan

Brainstorming

Monte Carlo analysis

15. After starting a new pipeline project, a risk manager schedules an initial meeting with the project sponsor. For the meeting, the project sponsor requests a presentation of the risks that have the most impact on achieving the project objectives.

What should the risk manager do to facilitate the sponsor's ask?

Monte Carlo analysis

Qualitative risk analysis

Sensitivity analysis

Quantitative risk analysis

16. 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?

The audit team

The risk manager

The risk owners

The discipline engineers

17. A supplier Is delayed in delivering fuel for a project. The project manager anticipated this risk and is requesting fuel from another supplier. When speaking with the other supplier, a new risk appears because fulfilling the order will cause delays with several other projects.

After performing a detailed analysis, what should the risk manager do?

Escalate the problem to the project sponsors.

Execute the approved risk response plan.

Negotiate with the supplier to resolve the problem.

Assign a team member to update the issue leg.

18. A risk manager of a complex project has identified a risk and believes a deeper understanding of the source and likelihood is necessary.

How should the risk manager proceed?

Develop and employ an Ishikawa diagram

Analyze the assumptions and constraints

Perform a review of project documents

Create prompt lists for expert interviews

19. The project’s customer has stated the project must be completed by a date indicated as the P90 date established on the Monte Carlo analysis.

What should the project manager do to ensure the P90 date is met?

Update the assumptions/exclusions register

Hire more resources and crash the schedule

Perform a qualitative risk analysis for the project

Mitigate risks identified on the sensitivity analysis

20. A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.

What should the risk manager do next to find out the correct limit?

Review the agreed-upon risk tolerance

Perform a sensitivity analysis of the risk

Find out the stakeholders’ risk appetite

Use industry standard risk thresholds

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21. Business rhythm can fluctuate greatly between different industries and vary between companies within the same industry.

What should be used 10 determine how often a project's risk register should be updated or reviewed in a given year when the project is in an industry with a very high business rhythm?

The risk management plan

The risk triggers

The risk prioritization criteria

The portfolio management plan

22. When processing freight invoices for a project, the project manager notices the shipping costs exceeded the budget due to increased fuel costs. The risk manager included this risk in the project's contingency allowance. When reviewing the project budget execution reports, the project manager notices unused budget remaining in other closed tasks of the project that could cover the additional shipping costs.

What should the project manager do?

Process the freight invoices at higher shipping costs against the project's contingency allowance.

Request a formal change order from the customer to increase the project's total budget.

Process the freight invoices for the budgeted amount and hope the shipping company will forgive the difference.

Ask the project sponsor to cover the additional shipping costs on the company's reserves account.

23. After a number of risk workshops, risks have been identified.

Which is the first element the risk owner should look for in the response plan to help mitigate the risks?

Probability of a response triggering a secondary risk

How the response will affect the quality of the components

If the risk response is tied to an activity on the critical path

Verify due dates for the actions have been identified

24. A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects.

What should the project manager do in this situation?

Escalate this initiative to project decision makers and sponsors.

Accept the fact that there is a risk associated with this new technology.

Take advantage of this opportunity of Improving the project performance.

Outsource the implementation of the new technology as soon as possible.

25. Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget.

What should the project manager do next?

Request a budget relief using the management reserve.

Conduct a risk reassessment and reserve analysis.

Review the consequences of potential changes.

Coach stakeholders on risk identification practices.

26. An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified candidate in their domain.

What should the risk management team leader do in the early stages of the project?

Conduct qualitative risk analysis to prioritize potential risks.

Plan a solid risk response plan and secure the necessary funding.

Educate stakeholders on best practices to perform risk management.

Benchmark to an organization which has executed a similar project,

27. A complex project that had hundreds of risks is almost done. The project manager is closing the risks as part of the closing process. One team member mentions that there are important documents to be updated.

Which document will need to be updated?

Lessons learned

Contingency register

Risk register

Issue log

28. An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats.

What should the risk manager do next?

Add only the threats to the risk register

Utilize different tools to identify the risks

Plan risk responses to the threats

Update the risk register with the identified risks

29. A project is In the initiation phase. The project stakeholders are Invited to a meeting to share their thoughts that may impact the project In a positive or negative way.

What will be the main output of this meeting?

Evaluating the project's probability of success

Identifying threats and opportunities

Evaluating the project's impact

Performing a qualitative analysis

30. The project risk manager is in the process of identifying risks. The project sponsor has communicated that there is an influential stakeholder who has a senior management position. The other stakeholders do not feel comfortable speaking in front of this stakeholder.

What should the project risk manager do next to identify risks?

Review the risk breakdown structure to ensure project scope is covered.

Use the brainstorming technique to remove personal bias.

Use expert judgment to remove ego or emotional conflict.

Consider the Delphi technique to gather all stakeholder opinions.

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31. A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described.

What is critical for the risk manager to consider when describing the causes?

Each cause has a degree of uncertainty

Each cause has well defined owner

The causes represent actual conditions

The causes must be validated by the risk owner

32. The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager has asked the project team to document the results of this process.

How should this documentation be utilized in the future?

To return the remaining amount of the contingency reserve

To ensure information is recorded for lessons learned

To comply with the rules and regulations

To hold those who created the risk accountable

33. The project manager for project X was expecting the mobilization of critical equipment from

another project, project Y. However, a day before the mobilization was scheduled, another project manager notifies project X's project manager that the equipment would not be availablefor at least another month due to delayed activities for project Y. This has jeopardized meeting a critical milestone for project X.

How should project X's project manager avoid this situation in the future?

Prepare a contingency response plan to implement when delays occur

Ask the other project manager to officially confirm the new date in writing

Request that the other project manager be added to relevant reports

Request that the other project manager inform if any additional delays are expected

34. Some project risks are applicable for the project's lifecycle while others risks are only applicable to specific project activities. When should project risks be closed?

When the forecast activity date has been met or exceeded

When the stakeholders agree a risk is no longer applicable

When the risk has been realized and can no longer happen again

When iterative data analysis determines the risk is not applicable

35. A project manager works on a long-term and high visibility project at an organization that has a low risk appetite towards this project due to its impact on the company's business. The project sponsors follow up weekly with the project manager, who was just informed by one of the risk owners that the exposure from two high-impact risks are hitting the risk thresholds.

What should the project manager do next?

Update the project management plan to add contingency.

Perform an assumptions and constraints analysis.

Complete an assessment and confirm the response with the sponsors.

Implement mitigation measures for those risks.

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