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PMI PMI-RMP Exam Practice Questions (P. 5)

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Question #41
As part of identifying the risk appetite of project stakeholders, the project manager must first identify the stakeholders. Which of the following inputs are used to identify project stakeholders?
  1. A
    Project charter, management reserve, enterprise environmental factors, and organizational process assets
  2. B
    Project management plan, human resource plan, enterprise environmental factors, and organizational process assets
  3. C
    Project charter, bid documents, enterprise environmental factors, and organizational process assets
  4. D
    Project charter, communications management plan, enterprise environmental factors, and organizational process assets

Correct Answer:
C

Question #42
After applying several risk identification techniques, the risk manager is ready to document project risks in the risk register, including risk name, risk statement, probability of occurring, and potential impact. After this information is complete, who is best suited to serve as risk owners?
  1. A
    Risk manager
  2. B
    Project sponsors
  3. C
    Project manager
  4. D
    Project team members

Correct Answer:
D

Question #43
Which of the following should the risk manager consider as external environmental factors when creating the risk management plan?
  1. A
    Government regulations, industry best practice templates, organizational standard processes, and competitor landscape
  2. B
    Government regulations, industry standards, conditions of the marketplace, and competitor landscape
  3. C
    Government regulations, risk categories, organizational standard processes, and competitor landscape
  4. D
    Government regulations, human resource policies and procedures, organizational standard processes, and competitor landscape

Correct Answer:
B

Question #44
Within the organizational process assets, where would the project manager find risk response effectiveness from past projects?
  1. A
    Change management plan and lessons learned
  2. B
    Stakeholder register and lessons learned
  3. C
    Risk audit and lessons learned
  4. D
    Risk audit and risk matrix

Correct Answer:
C

Question #45
Which analysis method uses stratified sampling without replacement?
  1. A
    Latin Hypercube
  2. B
    Monte Carlo simulation
  3. C
    Impact analysis
  4. D
    Linear regression analysis

Correct Answer:
A

Question #46
In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to project cancellation.
Why should a mitigation plan be developed for this risk?
  1. A
    This is a financial risk.
  2. B
    This task is on the critical path.
  3. C
    A response plan should be developed for all risks.
  4. D
    This is a high-priority risk.

Correct Answer:
D

Question #47
A race director is planning a marathon with US$80,000 in upfront costs that will be offset by race fees. The remainder of the funds will be donated to a national charity. State law mandates that all money paid by the participants must be refunded if the race is cancelled for any reason.
Which of the following is the best example of a risk mitigation response?
  1. A
    Let the runners know the race will be cancelled only in the event of an emergency.
  2. B
    Purchase an insurance policy covering up to US$85,000 in losses, at a cost of US$5,000, in the event the race is cancelled.
  3. C
    Inform the charity that they will receive no funds should the race be cancelled.
  4. D
    Charge the runners an additional amount to cover the US$80,000.

Correct Answer:
B

Question #48
The risk manager for a construction project graphically groups project risks by the subsets of economic risk, social risk, and technical risk. Where has this information been captured?
  1. A
    Risk breakdown structure
  2. B
    Risk management plan
  3. C
    Risk register
  4. D
    Risk control plan

Correct Answer:
A

Question #49
When considering human factors and risk attitudes relative to the risk process, which approach should be used to influence the risk management process for optimal effects at the individual and group levels?
  1. A
    Agile
  2. B
    Reactive
  3. C
    Ongoing
  4. D
    Proactive

Correct Answer:
D

Question #50
What identification technique is used to help reduce the ambiguity of a risk statement?
  1. A
    Driver, risk, outcome
  2. B
    Exploit, risk, accept
  3. C
    Probability, risk, impact
  4. D
    Cause, risk, effect

Correct Answer:
D

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