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PMI Risk Management Professional (PMI-RMP) Exam

Last Update Oct 13, 2024
Total Questions : 131 With Comprehensive Analysis

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Last Update Oct 13, 2024
Total Questions : 131 With Comprehensive Analysis

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PMI Risk Management Professional (PMI-RMP) Exam Questions and Answers

Questions 1

The project sponsor asks the project manager about the accuracy of the project data. The project manager realizes that some risks have not been updated recently.

What should the project manager do regarding those risks?

Options:

A.

Review the assumptions analysts

B.

Conduct a checklist analysis on each risk

C.

Create a risk response plan for those risks

D.

Review the risk register to check for the new risks

Questions 2

During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk.

What should the risk manager do to handle this situation?

Options:

A.

Revisit this risk in the risk register and redefine the mitigation strategy.

B.

Activate the contingency plan to handle this risk during execution.

C.

Mark this new risk as an extremely high priority and inform all stakeholders.

D.

Ask the project sponsor for more budget to deal with this risk.

Questions 3

A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence.

What should the project team do next?

Options:

A.

Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.

B.

Log the threats in the risk register to try to minimize the probability of occurrence.

C.

Log the threats in the risk register to try to maximize the probability of occurrence.

D.

Update the project management plan to ensure the results of the opportunities are captured.