PMI-RMP: Risk Management Professional Sample Questions

Question 1 – In her company, Lisa manages the SQL project. As a result of the risk response planning, she has completed with her team, she is now ready to update the risk register to reflect the risk response. Based on the risk responses Lisa has created, which statement best describes the level of detail she should include?

• A. It is set by historical information.
• B. It should correspond with the priority ranking.
• C. It must define precisely the risk response for each identified risk.
• D. It is set of project risk governance.

Correct Answer: B

Question 2 – The NBT project manager Jenny has been working with several subject matter experts as part of the quantitative risk assessment process. It was during this process that she and the project team discovered several risks that had not previously been identified. What must she do with these risk events?

• A. They must be entered into qualitative risk analysis.
• B. They must be determined if they need to be accepted or responded to.
• C. They must be entered into the risk register.
• D. They must continue with quantitative risk analysis.

Correct Answer: C

Question 3 – It is your responsibility to manage Bluewell Inc’s project and determine which risks will impact stakeholder requirements. What project management plan will define who will be responsible for sharing project risk information?

• A. Risk Management Plan
• B. Stakeholder management strategy
• C. Resource Management Plan
• D. Communications Management Plan

Correct Answer: D

Question 4 – A new material is being used to construct a large warehouse in your city, and you are the project manager for BlueWell Inc. In comparison to traditional building materials, this new material is cheaper; however, learning how to use it properly takes some time. According to the project stakeholders, using the new material will save costs, but training will take a few extra weeks. How can we refer to this risk response of learning how to use new materials?

• A. Team development
• B. Benchmarking
• C. Cost of conformance to quality
• D. Cost-benefits analysis

Correct Answer: C

Question 5 – As NHJ Project manager for her company, Jenny identified a number of positive risk events that could add value to the project and save it time and money. Having recently joined the team, you have questions about the number of risk responses available for a positive risk event. What will be Jenny’s response to you?

• A. Four
• B. Three
• C. Seven
• D. Acceptance is the only risk response for positive risk events.

Correct Answer: A

Question 6 – Your project involves determining and mapping the probability distributions of risk within the project with Anna. The uniform distribution method is going to be used for part of the project, as you’ve indicated. How likely is it that your project will have a uniform distribution of risks?

• A. Late completion stages of a project
• B. Project phases that deal with “cutover” technologies
• C. Early concept stage of design
• D. Project initiating

Correct Answer: C

Question 7 – As the project manager for the GYH project within your organization, you are responsible for its implementation. In order to identify risks and gather information, management has requested that you begin identifying risks. Which of the given risk identification approaches is an information-gathering technique?

• A. Root cause analysis
• B. Assumptions analysis
• C. SWOT analysis
• D. Documentation reviews

Correct Answer: A

Question 8 – For her organization, Sammy manages projects. It would be helpful for her if she could rate each risk according to its probability and how it will affect time, cost, and scope. Harry, a member of the project team, has never tried this approach before and thinks Sammy is wrong to try it. Rather than creating three separate risk scores, Harry suggests creating an accumulative score. Who is correct in this scenario?

• A. Harry is correct, because the risk probability and impact considers all objectives of the project.
• B. Harry is correct, the risk probability and impact matrix is the only approach to risk assessment.
• C. Sammy is correct, because organizations can create risk scores for each objective of the project.
• D. Sammy is correct, because she is the project manager.

Correct Answer: C

Question 9 – The JKN Project, which has a budget of $1,500,000 and is expected to last 18 months, has been assigned to you as project manager.

When the baseline schedule variance exceeds five percent, management has agreed to crash the project. What would happen if the project manager crashes a project?

• A. Project risks will increase.
• B. The project will take longer to complete, but risks will diminish.
• C. Project costs will increase.
• D. The amount of hours a resource can be used will diminish.

Correct Answer: C

Question 10 – This portion of Kelly’s project, the BHH project, is currently being completed as part of the risk identification process. What among the following is the only thing that the risk identification process will create for Kelly?

• A. Risk register
• B. Risk register updates
• C. Change requests
• D. Project document updates

Correct Answer: A

Question 11 – Your company’s NHQ Project has been completed, and you have analyzed the qualitative and quantitative risk factors within the project, and now you are looking for ways to increase opportunities within the project and reduce threats. What project management process would be of the best help to you?

• A. Monitoring and controlling project risks
• B. Creating a risk governance approach
• C. Creating the project risk register
• D. Planning risk responses

Correct Answer: D

Question 12 – A subject matter expert has been hired by Virginia to interview project stakeholders on specific identified risks within the project. In assessing the risk event, what specific objective will the subject matter expert be pursuing?

• A. for determining the level of probability and impact for each risk event
• B. for determining the bias of the risk event based on each person interviewed
• C. for determining the probability and cost of the risk event
• D. for determining the validity of each risk event

Correct Answer: A

Question 13 – Toward the end of your project, you will be beginning the qualitative risk analysis process, and some organizational process assets will influence that process.

Which of the given is NOT a reasonable reason for relying on organizational process assets as an input for qualitative risk analysis?

• A. Studies of similar projects by risk specialists
• B. Risk databases that may be available from industry sources
• C. Review of vendor contracts to examine risks in past projects
• D. Information on prior, similar projects

Correct Answer: C

Question 14 – As a project manager for BlueWell Inc, you want to create a visual diagram that shows the resources the project will utilize. What diagrams will you create for accomplishing the task?

• A. Roles and responsibility matrix
• B. Work breakdown structure
• C. Resource breakdown structure
• D. RACI chart

Correct Answer: C

Question 15 – Examine the figure given below.

Risk	Probability	Impact
A	0.55	-10,000
B	0.4	-65,000
C	0.3	-90,000
D	0.6	-25,000
E	0.45	-30,000
F	0.7	-245,000

What will be the expected monetary value of Risk C?

• A. -$113,750
• B. $175,000 if the risk event actually happens
• C. -$175,000
• D. -$27,000

Correct Answer: D

Question 16 – A project manager for John’s company is leading the NHQ Project, which has 75 stakeholders, some of whom are external to the company. John must make sure that he communicates risk to external stakeholders in the most appropriate manner. Which project management plan is the best guide for John in communicating to the external stakeholders?

• A. Risk Response Plan
• B. Risk Management Plan
• C. Communications Management Plan
• D. Project Management Plan

Correct Answer: C

Question 17 – In your role as project manager of the KJH Project, you work with your team to determine how to deal with the risks.

Take into account that your project has a budget of $500,000 and is expected to last six months. You have identified a risk event with a probability of .70 and a cost impact of $350,000 within the KJH Project. For the purpose of determining the cost of a risk response for this event, what is the risk exposure associated with the event?

• A. $245,000.
• B. $500,000.
• C. $350,000.
• D. $850,000.

Correct Answer: A

Question 18 – Are there any risk identification techniques that allow participants to remain anonymous while identifying project risks?

• A. Influence diagrams
• B. Assumptions analysis
• C. Surveys
• D. Delphi technique

Correct Answer: D

Question 19 – In his role as project manager for the ABD project, John is responsible for the following activities:

• Relative ranking or priority list of project risks
• Watchlists of low priority risk
• Trends in Qualitative Risk Analysis results

John is working on which of the following processes?

• A. Perform Qualitative Risk Analysis
• B. Plan Risk Management
• C. Plan Risk Responses
• D. Perform Quantitative Risk Analysis

Correct Answer: A

Question 20 – Which one of the following is NOT an output of the risk monitoring and controlling process?

• A. Organizational process assets updates
• B. Risk register updates
• C. Vendor contracts
• D. Change requests

Correct Answer: C